welfare effect of future income uncertainty. We build a model of remittances and savings under income uncertainty and show … that an immigrant will increase his remittances in response to a first-order risk decrease in future income. Using changes … prediction of our model using panel data of bilateral remittances. Our theoretical prediction is supported by the data: there is …

intervention on the value of migrant remittances sent. Our results exclude that the remittance effect we identify is a simple …

Analysis of remittances lies in the very centre of the scientific debate on developmental impacts of migration. On the …. On the micro level remittances may constitute the major source of income and become a means towards consumption smoothing … (migration as survival strategy). Notwithstanding, the very nature of remittances and underlying factors are still under …