Read all posts for ‘remittances’

For many in the West, particularly Americans, remittances play a relatively inconsequential role in their daily routine.  This is somewhat unsurprising given the fact that in the overall context of developed “host” countries’ economies, remittances generally make up a rather small portion. For instance, the United States was the leading […]

    It is no joke when we say in El Salvador that our main export product is human beings: from the total population of 8.5 million, it is estimated that 3 million live abroad, most of them in the United States, Canada, Australia and Europe. Having been a migrant […]

Remittances are becoming an important source of external financing for developing countries. For some developing countries it forms almost 40-50% of their GDP. This study undertakes impact analysis of remittances on poverty in developing countries at two levels. Firstly, it estimates the impact of remittances on poverty in 77 developing […]

It has been argued that the brain drain’s negative impact may be offset by the higher remittance levels skilled migrants send home. The main finding of this paper, however, is that remittances decrease with the share of migrants with tertiary education. Moreover, remittances seem to increase with source countries’ level […]

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 […]