Zhu, Yu; Wu, Zhongmin; Wang, Meiyan; Du, Yang; Cai, Fang - 2009
This paper studies the impact of remittances on the savings behaviour of rural households in China, using a cross-sectional survey. Allowing for endogeneity and left-censoring of remittances, we find that the marginal propensity to save out of remittances is well below half of that out of other...