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He estimates that legalizing that population would drastically increase overall remittance flows to Latin America.
Of those planning to remit, the frequency fell as the remittance amount rose.
Overall remittances to Mexico declined during the global recession but picked up again after 2009.
The selection equation explores the determinants of remittance amounts.
Results show that the lower the education level, the higher the remittance amounts sent.
We explore how remittances affect human capital formation, treating the level of remittances first as exogenous and then allowing for the possibility that remittance amounts may be endogenous to the investment decision.
It could be the case, therefore, that the reported per sibling remittance amounts are biased towards equality.
These remittances amount to nearly $25bn each year, roughly 2% of the Mexican gross domestic product, according to the World Bank.
In Albania, receipts from remittances amount to 75% of its exports of goods and services (with the unwelcome result that its currency is one of Europe's strongest).
Remittances amount to more than a fifth of GDP, but bringing talented Haitians back home would help even more than their cash.
In 2007 remittances amounted to 46% of GDP in Tajikistan, 34% in Moldova, and 28% in Lesotho.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com