How does our Ofws help the economy?

“Continued growth in OFW remittances would support recovery in consumer spending, which accounts for nearly 70 percent of the economy, as well as supporting recovery of the country’s GDP (gross domestic product), as consistently seen in 2Q (second quarter) 2021,” he said.

What makes Filipino family unique from other countries?

Filipinos are known for having strong and close family ties. They place high regard and put importance on their family before anything else. They work all day and do all they can to feed and provide for their family. In other countries, when a person turned 18, he/she can live away from his/her family.

What are the contribution of OFW in the Philippines?

Our Overseas Filipino Workers (OFWs) have been an economic lifeline of the Philippines, with their remittances contributing nine percent of the country’s Gross Domestic Product (GDP). For decades they have supported millions of households and have powered the Philippine economy, until the pandemic struck.

What is the benefits of families with parents working abroad?

On the one hand parents often get better paid jobs abroad, providing their children with more financial and educational resources and fostering social and school achievement.

How did the phenomenon of overseas Filipino workers OFW affect the families left behind?

Parents of OFWs work primarily for economic reason–to achieve financial stability. However, this brings an emotional disadvantage to the left-behind children: they feel themselves abandoned. Hence, it is important for OFW parents to prepare their children’s psychological problems caused by their parents of OFWs.

How important is the family in shaping the Filipino society in general?

Family is considered to be the foundation of social life for most Filipinos. Observing one’s duties and responsibilities is important in order to correctly respect others and to ensure harmony among family members. For example, family members are required to show respect to their elders at all times.

How does working abroad affect families?

When we control for endogeneity, we see that having parents working abroad increases study hours for children from urban areas. For those from rural communities the effect is negative, but not statistically significant. Having parents abroad seem to have no impact on children’s time allocation for housework.