Workers' remittances have become a major source of income for developing countries. However, little is still known about their impact on poverty and inequality. Using a large cross-country panel dataset, the authors find that remittances in Latin American and Caribbean (LAC) countries have...

Firms entering and exiting a market contribute almost as much to employment changes as firms continuing in a market. As much effort should be made to understanding sensitivity to wage changes in entering and exiting firms as to understanding wage elasticities in continuing firms