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Do Financial Literacy Training and Clarifying Pay Calculations Reduce Abuse at Work?

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Title: Do Financial Literacy Training and Clarifying Pay Calculations Reduce Abuse at Work?
Authors: Toosi, Negin R. (AUTHOR), Voegeli, Elyse N. (AUTHOR), Antolin, Ana (AUTHOR), Babbitt, Laura G. (AUTHOR), Brown, Drusilla K. (AUTHOR)
Source: Journal of Social Issues. Sep2020, Vol. 76 Issue 3, p681-720. 40p. 3 Diagrams, 7 Charts.
Subjects: Women employees, Financial literacy, Personal finance, Wages, Work environment
Geographic Terms: Myanmar, India, Bangladesh
Abstract: Understanding the link between effort and pay is important for workers. Yet, in many parts of the world, women lack critical financial literacy skills and have employers who do not clearly communicate compensation schemes. Using randomized controlled trials, we first examined the effects of a training program to improve financial literacy among female workers in apparel factories in India and Bangladesh (baseline N = 1,085). Training increased workers' financial planning through the use of a budget and utilization of banking systems, both of which contributed to increased savings. We next examined the effects of a management intervention in factories in Myanmar (baseline N = 429) and found improvements among the predominantly female workers in perceived pay clarity. Pay clarity, in turn, was associated with lower verbal abuse in study factories. Results indicate that both financial literacy and pay clarity are important in shaping female workers' experiences and vulnerability to financial exploitation. [ABSTRACT FROM AUTHOR]
Copyright of Journal of Social Issues is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Psychology and Behavioral Sciences Collection
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  Data: Do Financial Literacy Training and Clarifying Pay Calculations Reduce Abuse at Work?
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  Data: <searchLink fieldCode="AR" term="%22Toosi%2C+Negin+R%2E%22">Toosi, Negin R.</searchLink> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Voegeli%2C+Elyse+N%2E%22">Voegeli, Elyse N.</searchLink> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Antolin%2C+Ana%22">Antolin, Ana</searchLink> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Babbitt%2C+Laura+G%2E%22">Babbitt, Laura G.</searchLink> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Brown%2C+Drusilla+K%2E%22">Brown, Drusilla K.</searchLink> (AUTHOR)
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  Data: <searchLink fieldCode="JN" term="%22Journal+of+Social+Issues%22">Journal of Social Issues</searchLink>. Sep2020, Vol. 76 Issue 3, p681-720. 40p. 3 Diagrams, 7 Charts.
– Name: Subject
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  Data: <searchLink fieldCode="DE" term="%22Women+employees%22">Women employees</searchLink><br /><searchLink fieldCode="DE" term="%22Financial+literacy%22">Financial literacy</searchLink><br /><searchLink fieldCode="DE" term="%22Personal+finance%22">Personal finance</searchLink><br /><searchLink fieldCode="DE" term="%22Wages%22">Wages</searchLink><br /><searchLink fieldCode="DE" term="%22Work+environment%22">Work environment</searchLink>
– Name: SubjectGeographic
  Label: Geographic Terms
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22Myanmar%22">Myanmar</searchLink><br /><searchLink fieldCode="DE" term="%22India%22">India</searchLink><br /><searchLink fieldCode="DE" term="%22Bangladesh%22">Bangladesh</searchLink>
– Name: Abstract
  Label: Abstract
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  Data: Understanding the link between effort and pay is important for workers. Yet, in many parts of the world, women lack critical financial literacy skills and have employers who do not clearly communicate compensation schemes. Using randomized controlled trials, we first examined the effects of a training program to improve financial literacy among female workers in apparel factories in India and Bangladesh (baseline N = 1,085). Training increased workers' financial planning through the use of a budget and utilization of banking systems, both of which contributed to increased savings. We next examined the effects of a management intervention in factories in Myanmar (baseline N = 429) and found improvements among the predominantly female workers in perceived pay clarity. Pay clarity, in turn, was associated with lower verbal abuse in study factories. Results indicate that both financial literacy and pay clarity are important in shaping female workers' experiences and vulnerability to financial exploitation. [ABSTRACT FROM AUTHOR]
– Name: AbstractSuppliedCopyright
  Label:
  Group: Ab
  Data: <i>Copyright of Journal of Social Issues is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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RecordInfo BibRecord:
  BibEntity:
    Identifiers:
      – Type: doi
        Value: 10.1111/josi.12388
    Languages:
      – Code: eng
        Text: English
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      Pagination:
        PageCount: 40
        StartPage: 681
    Subjects:
      – SubjectFull: Women employees
        Type: general
      – SubjectFull: Financial literacy
        Type: general
      – SubjectFull: Personal finance
        Type: general
      – SubjectFull: Wages
        Type: general
      – SubjectFull: Work environment
        Type: general
      – SubjectFull: Myanmar
        Type: general
      – SubjectFull: India
        Type: general
      – SubjectFull: Bangladesh
        Type: general
    Titles:
      – TitleFull: Do Financial Literacy Training and Clarifying Pay Calculations Reduce Abuse at Work?
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          Name:
            NameFull: Toosi, Negin R.
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            NameFull: Voegeli, Elyse N.
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          Name:
            NameFull: Antolin, Ana
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            NameFull: Babbitt, Laura G.
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          Name:
            NameFull: Brown, Drusilla K.
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              M: 09
              Text: Sep2020
              Type: published
              Y: 2020
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