Showing 1 - 10 of 12
How does income from international migrant labor affect the long-run development of migrant-origin areas? We leverage the 1997 Asian Financial Crisis to identify exogenous changes in international migrant income across regions of the Philippines, derived from spatial variation in exposure to...
Persistent link: https://www.econbiz.de/10013172161
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 enhanced human …
Persistent link: https://www.econbiz.de/10012466340
This paper tests how migrants' willingness to remit changes when given the ability to direct remittances to educational … commitment of simply labeling remittances as being for education, to the hard commitment of having funds directly paid to a … raises remittances by more than 15 percent. Adding the ability to directly send this funding to the school adds only a …
Persistent link: https://www.econbiz.de/10012457827
We study the impacts on remittances of offering migrants temporary discounts on remittance transaction fees. We … weeks after expiration of the discount. We find no evidence that the discounts cause migrants to shift remittances from … other remittance channels, or to send remittances on behalf of other migrants. These findings are consistent with naïveté on …
Persistent link: https://www.econbiz.de/10012458143
We implement a randomized experiment offering Salvadoran migrants matching funds for educational remittances, which are … remittances …
Persistent link: https://www.econbiz.de/10012458404
-country savings does not affect remittances sent home by migrants …
Persistent link: https://www.econbiz.de/10012458640
We use detailed information about wages, education and occupations to shed light on the evolution of the U.S. financial sector over the past century. We uncover a set of new, interrelated stylized facts: financial jobs were relatively skill intensive, complex, and highly paid until the 1930s and...
Persistent link: https://www.econbiz.de/10012464005
I study the allocation of human capital in an economy with production externalities, financial constraints and career choices. Agents choose to become entrepreneurs, workers or financiers. Entrepreneurship has positive externalities, but innovators face borrowing constraints and require the...
Persistent link: https://www.econbiz.de/10012465087
Over the past 60 years, the U.S. financial sector has grown from 2.3% to 7.7% of GDP. While the growth in the share of value added has been fairly linear, it hides a dramatic change in the composition of skills and occupations. In the early 1980s, the financial sector started paying higher wages...
Persistent link: https://www.econbiz.de/10012465212
The share of finance in U.S. GDP has been multiplied by more than three over the postwar period. I argue, using evidence and theory, that corporate finance is a key factor behind this evolution. Inside the finance industry, credit intermediation and corporate finance are more important than...
Persistent link: https://www.econbiz.de/10012465229