International Remittances and the Household : Analysis and Review of Global Evidence

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.

Bibliographic Details

Main Author:	Adams, Richard H., Jr.
Language:	English
Published:	World Bank, Washington, DC 2007-02
Subjects:	AMOUNT OF REMITTANCES, AVERAGE INCOME, BALANCE OF PAYMENTS, BALANCE OF PAYMENTS STATISTICS, CAPITA INCOME, CAPITA REMITTANCES, CAPITAL INVESTMENTS, CAPITAL VARIABLE, CHILD HEALTH, CITIZENS, COMPENSATION OF EMPLOYEES, COUNTERFACTUAL, COUNTRIES, CREDIT CONSTRAINTS, DATA SET, DEPENDENT VARIABLE, DETERMINANTS OF REMITTANCES, DEVELOPING COUNTRIES, DEVELOPING WORLD, ECONOMETRIC MODEL, ECONOMIC DEVELOPMENT, ECONOMIC FACTORS, ECONOMIC GROWTH, ECONOMIC THEORY, EMPIRICAL STUDIES, EMPIRICAL WORK, EMPLOYMENT OPPORTUNITIES, EXCHANGE RATE, EXPLANATORY VARIABLES, FINANCIAL CRISIS, FOOD CONSUMPTION, GINI COEFFICIENT, GLOBAL DEVELOPMENT, GLOBAL DEVELOPMENT FINANCE, HEALTH OUTCOMES, HOUSEHOLD BUDGET, HOUSEHOLD CONSUMPTION, HOUSEHOLD DATA, HOUSEHOLD INCOME, HOUSEHOLD INCOMES, HOUSEHOLD LEVEL, HOUSEHOLD SURVEY, HOUSEHOLD SURVEYS, HOUSEHOLD WELFARE, HUMAN CAPITAL, IMPACT OF REMITTANCES, INCOME DISTRIBUTION, INCOME GROUPS, INCOME INEQUALITY, INCOMES, INCREASE IN REMITTANCES, INDIVIDUAL HOUSEHOLDS, INEQUALITY, INFANT, INFANT MORTALITY, INTERNATIONAL MIGRANT, INTERNATIONAL MIGRANTS, INTERNATIONAL MIGRATION, INTERNATIONAL REMITTANCE, INTERNATIONAL REMITTANCES, LATIN AMERICAN, LEVEL OF EDUCATION, LEVEL OF POVERTY, LOCAL COMMUNITY, LOCAL ECONOMY, LOW INCOME, MIGRANT, MIGRANT WORKERS, MIGRANTS, MIGRATION PATTERNS, NATIONAL POVERTY, NATIONAL POVERTY LINE, PER CAPITA INCOME, PER CAPITA INCOMES, POLICY RESEARCH, POLICY RESEARCH WORKING PAPER, POOR, POOR HOUSEHOLDS, POOR PEOPLE, POPULATION DENSITY, POSITIVE EFFECT, POVERTY GAP, POVERTY GAP INDEX, POVERTY HEADCOUNT, POVERTY HEADCOUNT INDEX, POVERTY LINE, POVERTY MEASURE, POVERTY OUTCOMES, POVERTY STATUS, PROGRESS, REMITTANCE, REMITTANCE DATA, REMITTANCE FLOWS, REMITTANCE MONIES, REMITTANCE RECEIVING, REMITTANCE RECEIVING HOUSEHOLDS, REMITTANCE TRANSFERS, REMITTANCE-RECEIVING HOUSEHOLDS, REMITTANCES, RESOURCE FLOWS, RESPECT, RETURN MIGRANTS, RURAL, RURAL AREAS, RURAL POVERTY, SAVINGS, SECONDARY EDUCATION, SECONDARY SCHOOL, SECONDARY SCHOOL EDUCATION, SIGNIFICANT EFFECT, SMALL ENTERPRISES, TRANSPORTATION, URBAN AREAS, WORKER REMITTANCES, WORLD POPULATION,
Online Access:	http://documents.worldbank.org/curated/en/2007/02/7335587/international-remittances-household-analysis-review-global-evidence https://hdl.handle.net/10986/7146
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