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AKHTAR, MOHAMMED ANAM (2) answer(s).
 
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ID:   181309


Does Demographic Characteristics Affect Remittance Behavior? an Analysis of Migrants in the UAE / Khan, Imran; Akhtar, Mohammed Anam   Journal Article
Khan, Imran Journal Article
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Summary/Abstract The United Arab Emirates (UAE) is a popular destination for migrant workers worldwide, not just from Asia. Along with expanding the UAE’s economic activities, the amount of remittance outflows has increased dramatically, making it the second-largest remitting country, just behind the United States. This study looks into the important demographic factors that influence migrant remittance behavior in the Emirates. The examinations revealed that age, race, marital status, and a number of dependents are the most important factors influencing remittance behavior, while gender is found to be insignificant, proving the popular premise of female altruism to be incorrect. The findings are expected to assist policymakers in the government in devising ways and means to reduce remittance outflows as they have vital implications for some key macro-economic variables such as inflation and exchange rate as well as financial service providers in the UAE, in orchestrating a suitable promotional strategy to target suitable cohorts.
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2
ID:   193281


Linking Financial Capability, Advice, Anxiety, Social Security, and Residential Status with Outward Remittances: Evidence from the UAE / Akhtar, Mohammed Anam   Journal Article
Akhtar, Mohammed Anam Journal Article
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Summary/Abstract The article empirically analyzes the effects of residential status and social security on migrant workers’ remittance outflow, linking it with financial literacy concepts such as financial capability, financial advice, and financial anxiety. The study’s originality lies in its empirical examination of financial literacy constructs, residency, and social security using partial least squares structural equation modeling to examine data collected from a closed-ended questionnaire in the United Arab Emirates (UAE). The results provide significant insights for policymakers and service providers in a country with the second-largest outflow of remittances in the world and indicate that, except for financial advice, all other factors have a substantial impact on remittance activity.
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