Over the past decades, workers' remittances have grown to become one of the largest sources of financial flows to … undeniable that remittances have poverty-alleviating and consumption-smoothing effects on recipient households, a key empirical … is both correlated with remittances and would only be expected to affect growth through its effect on remittances. The …

The role of remittances in development and economic growth is not well understood. This is partly because the … literatures on the causes and effects of remittances remain separate. We develop a framework that links the motivation for … remittances with their effect on economic activity. Because remittances take place under asymmetric information and economic …

interest to policymakers with regard to remittances--how to manage their macroeconomic effects, and how to harness their … remittances on recipient economies. In broad terms, the findings of this paper tend to confirm the main benefit cited in the … microeconomic literature: remittances improve households' welfare by lifting families out of poverty and insuring them against …