Do International Migration and Remittances Reduce Poverty in Developing Countries?

This paper examines the impact of international migration and remittances on poverty in 71 developing countries. The results show that both international migration and remittances significantly reduce the level, depth, and severity of poverty in the developing world. After allowing for the possible endogeneity of international migration, and controlling for various factors, results suggest that, on average, a 10% increase in the share of international migrants in a country’s population will lead to a 2.1% decline in the share of people living on less than $1.00 per person per day.

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