We identify whether remittances facilitate consumption smoothing during health shocks in Jamaica. In addition, we … investigate whether remittances are subject to moral hazard by receivers, how the informal insurance provided by remittances … remittances offer complete insurance toward decreased consumption during health shocks and that moral hazard is weak. The role of …

, imports, and per capita GDP growth to a global aid shock (the common component of individual country aid-to-GDP ratios). We … find that the estimated cumulative resposive of exports and per capita GDP growth to a global aid shock are strongly … exchange rates, exports and per capita GDP growth respond positively to a global aid shock. This evidence suggests that …

. Surprisingly, we found that the differences in income by education level declined in most cases. Remittances had a modest effect …