Download or read book The Remittance Behavior of Immigrant Households written by Elizabeth M. Grieco and published by LFB Scholarly Publishing. This book was released on 2003 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation Questioning the given that remittances (money sent home by immigrants) inevitably decline, Grieco (Migration Policy Institute, Washington, DC) applies migrant network theory and theories of social capital and the strength of social ties to examine remittance behavior of Micronesian immigrants in Guam and Hawaii. The analysis of data is designed to shed light on the influence of time, family reunification migration, network participation, and influence of non-migrants on remittance behavior. The data is derived from the Census of Micronesian Migrants to Guam and Hawaii. Annotation (c)2003 Book News, Inc., Portland, OR (booknews.com).
Download or read book Migration and Remittances During the Global Financial Crisis and Beyond written by Ibrahim Sirkeci and published by World Bank Publications. This book was released on 2012-05-30 with total page 471 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 2008 financial crisis, the possible changes in remittance-sending behavior and potential avenues to alleviate a probable decline in remittance flows became concerns. This book brings together a wide array of studies from around the world focusing on the recent trends in remittance flows. The authors have gathered a select group of researchers from academic, practitioner and policy making bodies. Thus the book can be seen as a conversation between the different stakeholders involved in or affected by remittance flows globally. The book is a first-of-its-kind attempt to analyze the effects of an ongoing crisis on remittance flows globally. Data analyzed by the book reveals three trends. First, The more diversified the destinations and the labour markets for migrants the more resilient are the remittances sent by migrants. Second, the lower the barriers to labor mobility, the stronger the link between remittances and economic cycles in that corridor. And third, as remittances proved to be relatively resilient in comparison to private capital flows, many remittance-dependent countries became even more dependent on remittance inflows for meeting external financing needs. There are several reasons for migration and remittances to be relatively resilient to the crisis. First, remittances are sent by the stock (cumulative flows) of migrants, not only by the recent arrivals (in fact, recent arrivals often do not remit as regularly as they must establish themselves in their new homes). Second, contrary to expectations, return migration did not take place as expected even as the financial crisis reduced employment opportunities in the US and Europe. Third, in addition to the persistence of migrant stocks that lent persistence to remittance flows, existing migrants often absorbed income shocks and continued to send money home. Fourth, if some migrants did return or had the intention to return, they tended to take their savings back to their country of origin. Finally, exchange rate movements during the crisis caused unexpected changes in remittance behavior: as local currencies of many remittance recipient countries depreciated sharply against the US dollar, they produced a “sale” effect on remittance behavior of migrants in the US and other destination countries.
Download or read book Remittance Behavior of US Immigrants written by Nathan Edward Trombley and published by . This book was released on 2016 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Remittances, the sending of a portion of an immigrant's income to friends and family, have become a significant part of the global economy. This is especially true in some common immigrant-sending regions where remittances make up a dominant portion of the local economy. The New Immigrant Survey has released the second wave of data in its cohort study of immigrants recently achieving Lawful Permanent Residence status in the United States. In light of this newly available information, this study seeks to highlight demographic and background characteristics of immigrants that have a statistically significant relationship on their sending of remittances. Moreover, the results from both waves of data are compared to answer the questions "what type of immigrant tends to remit?" and "how does this change over time?" Several variables emerge as significant predictors of the sending of remittances, including age, sex, income, education, region of origin, and others, and their differential effects on the sending of remittances provide new insight on the contemporary US immigrant experience. Results from this study may prove useful for policy makers looking to create targeted programs with the aim of using remittances as a tool for development, both for the immigrant community in the US and for immigrant sending regions abroad.
Download or read book Beyond Small Change written by Donald F. Terry and published by IDB. This book was released on 2005 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the role of money transferred by migrant workers to their home country. Focuses on how the remittances meet the basic needs of family members there, whilst also generating opportunities for local communities and national economies. Considers the impacts in Latin America and the Caribbean, as well as in Europe, the Middle East and North Africa, and Asia.
Download or read book Global Economic Prospects 2006 written by and published by World Bank Publications. This book was released on with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: International migration, the movement of people across international boundaries to improve economic opportunity, has enormous implications for growth and welfare in both origin and destination countries. An important benefit to developing countries is the receipt of remittances or transfers from income earned by overseas emigrants. Official data show that development countries' remittance receipts totaled 160 billion in 2004, more than twice the size of official aid. This year's edition of Global Economic Prospects focuses on remittances and migration. The bulk of the book covers remittances.
Download or read book International remittances and development existing evidence policies and recommendations Occasional Paper ITD Documento de Divulgaci n ITD n 41 written by J. Ernesto López Córdova and published by BID-INTAL. This book was released on 2006 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we survey the recent literature assessing the development impact of international migrant remittances. We begin by arguing that international migration should be fully incorporated in ongoing debates on the impact of globalization. We show that, despite methodological challenges, there is an emerging body of evidence suggesting that migrant remittances can have an important impact on development and household welfare. Remittances appear to help in poverty reduction, accumulation of human capital, investment and saving. Finally, we offer an account of existing policies and recommendations to facilitate remittance flows and to take advantage of their developmental potential.
Download or read book An Investigation of Household Remittance Behavior written by Stephen Drinkwater and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Overseas remittances are a vital source of income for many developing economies. In this paper we empirically model the remittance behavior of a diverse set of ethnic minority households in England and Wales using survey data. Our results indicate that the probability of remitting is higher for richer households and for those containing more immigrants. Measures of social distance also appear to influence the sending of remittances. Significant ethnic differences in the incidence of remitting and the timing of payments remain after controlling for these and other factors.
Download or read book The Developmental Role of Remittances in U S Latino Communities and in Latin American Countries written by Briant Lindsay Lowell and published by . This book was released on 2000 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Do Government Programs crowd In Remittances written by J. Edward Taylor and published by . This book was released on 2000 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International remittances and the household analysis and review of global evidence written by Richard H. Adams and published by World Bank Publications. This book was released on 2007 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This paper examines the economic impact of international remittances on countries and households in the developing world. To analyze the country-level impact of remittances, the paper estimates an econometric model based on a new data set of 115 developing countries. Results suggest that countries located close to a major remittance-sending region (like the United States, OECD-Europe) are more likely to receive international remittances, and that while the level of poverty in a country has no statistical effect on the amount of remittances received, for those countries which are fortunate enough to receive remittances, these resource flows do tend to reduce the level and depth of poverty. At the household level, a review of findings from recent research suggest that households receiving international remittances spend less at the margin on consumption goods-like food-and more on investment goods-like education and housing. Households receiving international remittances also tend to invest more in entrepreneurial activities.
Download or read book Remittances and the Brain Drain Evidence from Microdata for Sub Saharan Africa written by Julia Bredtmann and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Sending Money Home written by Rodolfo O. De la Garza and published by . This book was released on 2002 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: For international migrants seeking employment in the United States, the desire to remit a portion of their earnings to their home countries is a time-honored custom. The flow of money southward from the United States has evolved from a stream flowing from families through informal networks to a major river with new tributaries fed by transnational migrant organizations, channeled through an increasingly formal marketplace, and attracting the involvement of home country governments. This volume tracks the evolution of the flow of money 'home, ' offering new data to enhance the picture and understanding of this important economic phenomenon
Download or read book Remittance Behavior Among New U S Immigrants written by and published by . This book was released on 2008 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: I analyze remittance behavior among new legal immigrants in the US using the 2003 New Immigrant Survey (NIS), a nationally representative survey of immigrants admitted to legal permanent residency in 2003. I use the NIS to address data limitations common to empirical remittance studies, such as low sample sizes, missing information on the donor or recipient and the absence of data which includes immigrants from many countries. Looking first at the distribution of remittances, I find that it is skewed to the right, with a small number of immigrants sending very large amounts. I then analyze the determinants of remittances among new immigrants and estimate remittance-income elasticities. From this analysis, I find evidence that the motivations to remit are not purely altruistic and may include the desire to invest in the home country. I then discuss how future work will re-examine this investment motivation and its relationship to return migration by incorporating later waves of the 2003 NIS to form panel data. Finally, I find that large country differentials in remittance behavior are only partially explained by observable characteristics of the donor, recipient and origin country.
Download or read book World Happiness Report 2018 written by John F. Helliwell and published by . This book was released on 2018 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Happiness Report reviews levels of happiness across developed and developing nations, and presents ranking tables on national and regional happiness.
Download or read book Microeconomic Implications of Remittances in an Overlapping Generations Model with Altruism and Self Interest written by David A. Grigorian and published by International Monetary Fund. This book was released on 2008 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper explicitly models the dynamic strategic aspects of the interaction between the migrant and the remittance-receiving relative(s), with the migrant behaving as a Stackelberg leader. It is also different from other formalizations of remittance behavior in its treatment of the two parties' interaction to realize potential gains from exchange. We demonstrate that when the migrant and the relative(s) cooperate to maximize the joint utility of the household, this leads to higher level of remittances as well as investment and hours worked by the relative(s). We use data from Armenia to test our predictions regarding implications of remittances flows on behavior of receiving households. Consistent with our predictions, remittance-receiving households work fewer hours and spend less on the education of their children. While saving more, these households are not leveraging their savings to borrow from the banking system to expand their business activities. This evidence suggests that the benefits of remittances might be overstated and emphasizes the importance of measuring their impact in a general- rather than a partial-equilibrium context.
Download or read book Immigrants and Their International Money Flows written by Susan Pozo and published by W.E. Upjohn Institute. This book was released on 2007 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents a typology of migration-remittance systems. Discusses effects of remittances on economic development in migrant-sending countries. Points to the multidimensional ties that exist between migrants and the communities from which they originate.
Download or read book Asymmetric Information about Migrant Earnings and Remittance Flows written by Ganesh Seshan and published by . This book was released on 2015 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examine asymmetric information about migrant earnings and its implications for remittance behavior using a sample of Indian households with husbands working overseas in Qatar. On average, wives underreport their husbands' income and underreporting is more prevalent in households with higher earning migrants. The discrepancy in earning reports is strongly correlated with variation in remittances: greater underreporting by wives is associated with lower remittances. An exchange model of remittances is developed with asymmetric information and costly state verification. The optimal remittance contract prescribes a threshold for remittances that invites verification only if unmet. The model's predictions closely match our empirical findings.
