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Making use of the concept of wage prospects from migration, one can conclude that migrants with lower wage prospects (higher F(D w ) for any given D w ) face higher returns to both remittances and savings.
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First we note that the coefficients on both Remittance and SLC Pass Rate are positive and statistically significant in OLS and IV specifications.
Whether altruism is involved or not in the migrant's decision making process, these investments generally benefit both remittance recipients and migrants themselves, either in terms of physical or social capital.
Another development has been to streamline the process of opening checking and savings accounts in Latin America for both remittance senders and recipients.
Investment and private consumption also posted strong gains in 2013, both aided by remittances from Filipinos working abroad.
The financial crisis hobbling the European Union, its chief trading partner, affects both exports and remittances from migrant workers.
Our results reveal that migrants and their remittances, both social and tangible, result in significant changes in land use and land distribution in Ixcán.
After growing at 6% for several years, the economy has slowed this year because of the problems in the United States, its main export market and source of both tourists and remittances.
First, both savings and remittances increase the likelihood of return.
Without remittances both household types show a rather similar expenditure behavior.
As a result, it is likely that risk averse migrants choose strictly positive levels of both savings and remittances.
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CEO of Professional Science Editing for Scientists @ prosciediting.com