The increase in migration from Eastern to Western Europe after their accession to the European Union (EU) in 2004 resulted in a large increase in remittances to New Member States (NMS) and were comparable in size to FDI or EU funds. This paper adds to the literature by analyzing the impact of...

This Article reports the results of a broad empirical inquiry into modern trust practice, including a survey of 409 trust service providers in 82 jurisdictions - the largest, most diverse respondent group ever obtained in survey research targeting trust service providers - and interviews with 28...

This paper uses unique administrative data and a quasi-field experiment of exogenous allocation in Sweden to estimate medium- and longer-run effects on financial behavior from exposure to financially literate neighbors. It contributes evidence of causal impact of exposure and of a social...

Migration plays a key role in city finances with every new entrant reducing debt per person and every exit increasing it. We study the interactions between regional borrowing, migration, and default from empirical, theoretical, and quantitative perspectives. Empirically, we document that...

Using rich Italian data for the period 2006-2014, we document sizeable gaps between native and immigrant households with respect to wealth holdings and financial decisions. Immigrant household heads hold less net wealth than native along the entire wealth distribution. Immigrant status reduces...

Recent theoretical work shows that precautionary savings increase in response to an increase in first-order risk. In addition, it is known that the welfare state, being an insurance or consumption-smoothing mechanism, reduces the negative welfare effect of future income uncertainty. We build a...

This paper uses unique administrative data and a quasi-field experiment of exogenous allocation in Sweden to estimate medium- and longer-run effects on financial behavior from exposure to financially literate neighbors. It contributes evidence of causal impact of exposure and of a social...

Governments across the globe are progressively becoming aware of the increasing significance of international migration and remittances on the international development agenda. Remittances are perceived as one of the key benefits that migration bring to originating countries. Zimbabweans abroad...

This paper provides an empirical analysis of the remittances of Turkish migrants using data from 590 households in Berlin. It distinguishes between migrants who do and do not intend to return to Turkey and the different uses of remittances. The findings show that those migrants who intend to...