This study examines how the level of financial development in a community affects households' decisions over how remittance income is spent. My findings suggest that in communities without banks remittances are more likely to be used for productive investments or to purchase assets. Increasing...

F24; G21; D19. </AbstractSection> Copyright Coon; licensee Springer. 2014

This study investigates the relationship between migrant savings, remittances, and crime. Using a model in which the migrant maximizes utility over the choice of storing savings in the United States or in Mexico, the migrant’s decision is determined in part by the potential of losing part of...