Showing 1 - 10 of 92
By putting together a relatively large data set on bilateral remittances of emigrants, this paper is able to shed light … on the important hypothesis of smoothing. The smoothing hypothesis is that remittances are countercyclical with respect … affirmation of smoothing is important for two reasons. First, it suggests that remittances should be placed on the list of …
Persistent link: https://www.econbiz.de/10012463230
-country savings does not affect remittances sent home by migrants …
Persistent link: https://www.econbiz.de/10012458640
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
flows - such as Jamaica or El Salvador - are also better off due to migration, but for a different reason: remittances. The …This paper evaluates the global welfare impact of observed levels of migration using a quantitative multi-sector model … differences, international trade, remittances, and a heterogeneous workforce. We compare welfare under the observed levels of …
Persistent link: https://www.econbiz.de/10012458662
Between 1967 and 1974, a bilateral treaty increased circular labor migration from Malawi to South Africa by 200 …
Persistent link: https://www.econbiz.de/10014486235
population education; better-educated migrants; and increased migration in high-skilled jobs. Four-fifths of long-run income … origin areas. Increased income from international labor migration not only benefits migrants themselves, but also fosters …
Persistent link: https://www.econbiz.de/10013172161
We show that a straight forward approximation of the distribution of durable goods holdings gives rise to a tractable equilibrium (S,s) model of durable demand. We analyze both competitive and monopoly supply. We show that equilibrium interactions lead to elongated impulse responses in demand,...
Persistent link: https://www.econbiz.de/10012471821
I examine price markups in monopolisticly-competitive markets that experience fluctuations in demand because the economy experiences cyclical fluctuations in productivity. Markups depend positively on the average income of purchasers in the market. For a nondurable good average income of...
Persistent link: https://www.econbiz.de/10012475998
We describe an economy where a durable good is produced with an increasing returns to scale technology. Equilibria in this economy take the form of business cycles in which consumption fluctuates too much and is too low on average. A 2-sector version of this economy with imperfect credit and...
Persistent link: https://www.econbiz.de/10012476034
We argue that recoveries from demand-driven recessions with expenditure cuts concentrated in services or non-durables will tend to be weaker than recoveries from recessions more biased towards durables. Intuitively, the smaller the bias towards more durable goods, the less the recovery is...
Persistent link: https://www.econbiz.de/10012629524