The use of additional income from remittances (hereafter referred to simply as remittances) often reinforces a traditional set of values and tends to reinforce the social hierarchy and hence strengthens traditional structures of social organisation.
In this section, we disentangle the potentially positive effect of additional income via remittances vs. the potentially negative impact of a missing family member due to migration, hinted at in the previous sections and discussed in the literature (e.g., McKenzie and Rapoport 2011).
Households in Mirsarai more frequently reported additional income through remittances than in Abhoynagar (77% vs. 52%).
Under the IV estimates, a 1 percentage point increase in SLC Pass Rate is expected to increase education spending by 118 rupees while an additional 1,000 rupees in remittance income is expected to increase education spending by 95 rupees.
In other cases, funding for additional construction came from remittances sent from children or other relatives living and working outside of El Salvador, typically in the US.
Its dividend growth of 15% is marginally below consensus expectations of 17% year on year, but the group expects £1.2bn of capital benefits, which will translate in an additional £1bn of cash remittances from UK life to group over the next 3 years.
A 1 percentage point increase in school quality is expected to increase education spending by about 307 rupees, while an additional 1,000 rupees in remittances has an insignificant impact on education spending (we note the similarity of coefficients between columns 1 and 3 as well).
In the near future the Company plans to add additional value-added services including remittances, transaction processing and recharge of mobile airtime, services that benefit consumers and micro-business owners alike.
There are other factors that moderate the effects of migration on educational investments apart from the additional financial resources obtained via remittances.
Indeed, in the basic setting, an additional monetary unit invested in remittances (and removed from savings so that the amount invested remains constant since s=x−r) used to increase the gap in consumption in favor of the origin country by D R ′.
Microfinance became larger, however, with the provision of additional financial services such as savings, remittance transfer, and specialized loans.
