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-- A significant portion of remittances, in many cases the majority, was spent on food, clothing and other daily essentials.
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Latin America and the Caribbean receive the largest share of remittances, with US$25 billion in 2002.
In this case, due to the convexity of returns to remittances, the migrant needs to remit a larger amount than what he/she would have saved (r∗>s∗) in order to reach the attractive portion of returns to remittances.20 Finally, the last graph illustrates the case in which returns to remittances are large and/or very convex.
It is a natural excuse in Lebanon, where a large portion of the population receives remittances from relatives abroad.
Complete the remittance portion of the PST form and submit to the provincial Ministry of Revenue with the cheque.
Remittances – the portion of international migrant workers' earnings sent back from the country of employment to the country of origin – plan a central role in the economies of many labour-sending countries and have become a focal point in the ongoing debate concerning the costs and benefits of international migration for employment.
Remittances are extremely important to the Mexican economy: in 2015, remittances made up larger portion of GDP than income from oil production.
Because of this, pioneer migrants tend to come from households at the upper portions of the sending-area's income distribution, and the income they send home in the form of remittances is therefore likely to widen income inequalities.
Even without official compensation policies, voluntary remittances are a substantial portion of Africa and the Caribbean's revenue.
Have you made use of remittances?
Approaches to increasing the productive value of remittances.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com