<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1665-5346</journal-id>
<journal-title><![CDATA[Revista mexicana de economía y finanzas]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. mex. econ. finanz]]></abbrev-journal-title>
<issn>1665-5346</issn>
<publisher>
<publisher-name><![CDATA[Instituto Mexicano de Ejecutivos de Finanzas A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1665-53462024000100005</article-id>
<article-id pub-id-type="doi">10.21919/remef.v19i1.877</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[The effect of remittances on financial literacy in Mexico]]></article-title>
<article-title xml:lang="es"><![CDATA[El efecto de las remesas sobre el alfabetismo financiero en México]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Cuecuecha Mendoza]]></surname>
<given-names><![CDATA[Alfredo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Popular Autónoma del Estado de Puebla  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>03</month>
<year>2024</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>03</month>
<year>2024</year>
</pub-date>
<volume>19</volume>
<numero>1</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1665-53462024000100005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-53462024000100005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-53462024000100005&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This article studies the impact of remittances on financial literacy and its components using data for ENIF 2021 in Mexico. Using instrumental variables, random matching estimators and non-parametric estimations that control for the endogeneity of remittances and other econometric challenges, the study is the first to find that remittances increase the average level of financial literacy, and its components of financial knowledge, behavior, and attitudes. The effect is not monotonic, since the study finds that remittances reduce the probability of showing high levels of literacy, as well as that of its components of financial knowledge, behavior, and attitudes. Non-parametric estimations show that remittances move the distribution of financial literacy outcomes towards the center of the distribution, which explains why average values of financial literacy outcomes are above the average. These results may indicate that households acquire financial literacy through a process of learning by doing, which shows decreasing returns. They highlight the need for specific policies to increase the level of financial literacy among households that receive remittances. The limitation of the study is the lack of panel data.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Este artículo estudia el impacto de las remesas sobre el alfabetismo financieros y sus componentes de conocimiento, comportamiento y actitud usando datos para México provenientes de ENIF 2021. Se utilizan variables instrumento, estimadores emparejados aleatorizados y estimaciones no paramétricas para controlar endogeneidad y otros problemas econométricos. Es el primer estudio en encontrar que las remesas aumentan el nivel promedio de alfabetismo financiero y sus componentes. El efecto no es monotónico pues el estudio encuentra que las remesas reducen la probabilidad de que los individuos muestren altos niveles de alfabetismo, así como de sus componentes. Estimaciones no paramétricas muestran que las remesas mueven la distribución de alfabetismo financiero hacia el centro de la distribución, lo que explica por qué los valores promedios de alfabetismo financiero son mayores que el promedio. Estos resultados pueden implicar que los hogares que reciben remesas aumentan su alfabetismo financiero con la experiencia, la cual es un proceso con retornos decrecientes. Los resultados demuestran la importancia de promover la educación financiera entre la población que recibe remesas. Una limitante es que no se cuenta con datos panel.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Financial literacy]]></kwd>
<kwd lng="en"><![CDATA[Financial Behavior]]></kwd>
<kwd lng="en"><![CDATA[Financial Attitudes]]></kwd>
<kwd lng="en"><![CDATA[Financial Knowledge]]></kwd>
<kwd lng="en"><![CDATA[Remittances]]></kwd>
<kwd lng="es"><![CDATA[Alfabetismo financiero]]></kwd>
<kwd lng="es"><![CDATA[Comportamiento financiero]]></kwd>
<kwd lng="es"><![CDATA[Conocimiento financiero]]></kwd>
<kwd lng="es"><![CDATA[Actitudes financieras]]></kwd>
<kwd lng="es"><![CDATA[Remesas]]></kwd>
<kwd lng="es"><![CDATA[México]]></kwd>
</kwd-group>
</article-meta>
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