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This paper provides the kernel of the migration literature on remittances. It started from their three most debated features: stability, cyclicality and sustainability. Then moved to the motives driving remittances and, finally, their relationship with development. Both sustainability and...
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This paper shows that utility differences between the self-employed and employees increase with financial development. This effect is not explained by increased profits but by an increased value of non-monetary benefits, in particular job independence. We interpret these findings by building a...
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