From the earlier discussion of remittance decay and the literature on the motivations and determinants of remittances, three broad categories of factors affecting a migrant's remittance behaviour can be distinguished, apart from the affect of duration of absence alone.
The Bush administration recognized the economic importance of remittances earlier in the year when it allowed Salvadorans living illegally in the United States to apply for 18-month work permits so that the money they sent home could help their country recover from two devastating earthquakes.
If π is merely capturing net duration effects then we would expect to find a stepwise remittance gradient, with Early Exiles remitting the least because they have been in the US the longest, and New Cubans remitting the most because they are the most recent arrivals.
Fourth, early studies of the use of remittances provided little evidence in the Pacific island states of remittances directly contributing to savings or other forms of financial investment [ 45].
There are trivial differences in remittance-sending among Late and Early Exiles who migrated when younger and older than 12.
Remittances foster investments in the host country, and these investments also benefit the migrant.4 In our setting, migrants make remittance and saving decisions at an early stage of migration, when both labor market performance and return options are uncertain.
In our framework, migrants make remittance and saving decisions at an early stage of migration, when their long term economic performance in the host country is still uncertain.
In our model, beliefs about such prospects affect migrants' remittance and saving decisions at the early stage of migration, and will in turn shape the likelihood of return migration in the future.
Many experts say it is too early to know if the negligible increase in remittances will continue.
The ORs for the historical cohort dummy variables indicate the difference in remittance-sending for each historical cohort relative to Early Exiles.
Model 1 assesses baseline differences in the odds of remittance-sending for Late Exiles, Mariels, and New Cubans relative to Early Exiles, net of age, period, gender and marital status.
