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 …

neglected - economic and socio-cultural effects of the brain drain. Remittances of African migrants contribute considerably not …