financial characterization of informal workers in Chile. The paper uses the Financial Household Survey conducted by the Central … Bank of Chile in 2007, 2008, 2009 and 2010, which covers between 1,740 and 2,533 urban households, performing both OLS and … workers, but may also have positive consequences on the aggregate saving rate. In addition, for Chile, it is evident that …

remittances to savings. On average, an increase in inward remittances by 1% leads to about 0.10% increase in savings ceteris … case. Quite outstanding here is the observation of the detrimental role of remittances on savings in the long-run once … direct investment (FDI), and foreign aid were found to be important moderators of the remittances-savings linkage. For the …