housing net worth on household expenditures during the Great Recession. Their widely-cited estimates are based on proprietary … specification on our data, we obtain values for the elasticity of expenditures to the housing net worth shock that are virtually … conclusions about the separate roles of house prices and initial housing exposure/leverage for the drop in expenditures. Moreover …

commodity groups. Consumption is a distributed lag function of expenditures, and the utility function is additively separable in … each commodity group, expected change in expenditures is correlated neither with past expenditure changes on other …

Culture is not new to the study of migration. It has lurked beneath the surface for some time, occasionally protruding … how culture manifests itself in the migration process for three groups of actors: the migrants, those remaining in the … migration as an economic phenomenon; but what about them matters? Properly, we should be looking at the determinants of identity …

large rise in remittances, and an increased flow of skilled migration. However, recent literature based on cross … than characteristics of their family situations explains much of the higher remittances. -- Remittances ; Migration ; Brain …Two of the most salient trends surrounding the issue of migration and development over the last two decades are the …

the Philippine peso leads to increases in household remittances received from overseas. The estimated elasticity of … Philippine-peso remittances with respect to the Philippine/foreign exchange rate is 0.60. These positive income shocks lead to …

flows - such as Jamaica or El Salvador - are also better off due to migration, but for a different reason: remittances. The …This paper evaluates the global welfare impact of observed levels of migration using a quantitative multi-sector model … differences, international trade, remittances, and a heterogeneous workforce. We compare welfare under the observed levels of …

Over the past decades, globalization has led to a huge increase in the migration of workers, as well as students. This … paper develops a simple two-step model that describes the decisions of an individual vis-à-vis education and migration, and … presents a unified model, wherein the two migration decisions are combined into a single, unique model. This paper shows that …

United States. Importantly, we find a significantly negative interaction between pre-migration labor supply and source … immigrant women's US work hours is still strong even controlling for the immigrant's own pre-migration labor supply. The …