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 …

This paper investigates the saving behavior of migrants in the UK across different dimensions, i.e., comparing … temporary versus permanent migrants and migrants versus natives. Established theoretical predictions show that migrants save … the contemporaneous choice of savings and remittances. Moreover, when comparing the saving profiles of both natives and …