Naiditch, Claire; Vranceanu, Radu - ESSEC Business School - 2009
costs are not too low. Exogenous shocks, such as an increase in the foreign wage, lead to an increase in optimal remittances …. Hence, in equilibrium, optimal remittances and number of migrants are positively related. We use data from twenty five … estimates put forward a positive elasticity of the number of migrants with respect to remittances per migrant. Policy …