The main purpose of this paper is to study the economic behavior of migrants under uncertainty . We show , in particular, that the impact of the probability of return remains ambiguous regarding both the savings and labor participation of the migrants , this theoritical finding seems to...

Remittances by migrants to their countries of origin constitute the largest source of external finance for developing countries after foreign direct investment . To shed light on this important fact, in this paper we consider a model of micro-foundations of the links between remittances finance...

We consider a model that extends the scope of social preferences of the families of the migrants. This extension allows us to show that if some poor families receive remittances and social culture affects the composition of their consumption, then in presence of strong social inequality, poor...

In this paper, we consider a two-period model of migration and remittances as implicit contract in a context of asymmetric information. Our model offers new theoretical findings with respect to the previous literature on the main determinants of remittances. According to self-interest thesis,...

This paper attempts to clarify theoretically the link between remittances , industrialization by foreign capital as well as the size of its volatility. In particular, the model shows clearly that if the flows of foreign capital induce volatility in the economy, the bulk of remittances from the...

This paper shows that social interactions can induce families of migrants to care about hierarchical social status because it serves as a signal device of non-observable income. Hence , a concern for social status induces theses families to engage in conspicuous consumption in order to signal...

The purpose of preliminary is to present a broad agenda of theoretical and empirical modeling about the fundamental links between the quality of governance, financial development and economic development. The main theoretical predictions and evidence are of a large importance in terms of...

This paper aims to model theoretically the fundamental links between financial development, foreign direct investment and economic development. In particular, we show that the entry of foreign capital flows can support an endogenous economic growth path of the host country. Indeed, we give the...

The purpose of this paper is to analyze the behavior and performance of migrants in the presence of an uncertain purchasing power parity.We show , in particular, that the impact of the probability of return remains ambiguous regarding both the savings and labor supply of the migrants , this...