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 …

; (ii) providing remittances that fund start-ups in their countries of origin and (iii) returning entrepreneurial skills to …

This study investigates the impact of remittances on credit markets in Senegal. The findings show that remittances and … credit markets are complements; namely, the receipt of remittances increases the likelihood of having a loan in a household …. This result is robust after controlling for the potential endogeneity of remittances through household fixed effects and an …

that remittances and migration act as a shock-coping mechanism, especially in the presence of natural shocks. Remittance …