welfare effect of future income uncertainty. We build a model of remittances and savings under income uncertainty and show … that an immigrant will increase his remittances in response to a first-order risk decrease in future income. Using changes … prediction of our model using panel data of bilateral remittances. Our theoretical prediction is supported by the data: there is …

Middle Eastern and North African (MENA) economies have had the highest degree of dependency on received remittances … developing countries. We examine the role of remittances in the trade balance of 11 labor-abundant MENA countries. Our panel … regression analysis shows that the inflow of remittances has had an increasing effect on trade deficits by triggering import …

fertility levels. We interpret these findings in terms of cultural remittances, consistently with insights from a theoretical …

America, Asia and MENA). It covers the period 1979-2004, and carries out second-generationʺ tests for non-stationary panels …

Remittances have greatly increased during recent years, becoming an important and reliable source of funds for many … developing countries. Therefore, there is a strong incentive for receiving countries to attract more remittances, especially … apply a two-step method akin to two stage least squares to deal with the endogeneity of remittances and potential …

Empirical evidence that migrants send home more remittances after disasters raises the question of whether remittances … unique data set on the usage patterns of financial services by households in South Africa. We show that the likelihood that a … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover …

countries. We analyze a novel bank-level data set from Nepal, where a steady inflow of remittances has contributed to foreign …