Exact(3)
(0) No remittances (1) Nothing (2) Little (3) Some (4) A lot. Contact How often do you communicate with them (family abroad)?
The patterns observed in panel A.2, where we proxy economic conditions in US with the unemployment rate of that country, are similar to those in panel A.1, although the magnitude of coefficients is higher.19 Table 3 Effect of unemployment rate (Spain or US) on remittances (1) (2) (3) (4) (5) (6) A. Outcome: remittances receipt (probability) A.1.
Table 3 Proportion (percent) of income contributed by each source Income source County Turkana Mandera (N = 365) % (N = 300) % Livestock 39 23 Crops 8 4 Salaries/wages 15 28 Business 10 15 Charcoal/firewood 18 11 Remittances 1 6 Other sources 8 13.
Similar(57)
Table 2 Marginal effects of remittances (1/0) on secondary school enrollment (1/0) Population group Probit IV-probit Bivariate probit Obs.
The average annual expenditure of households who receive remittances significantly exceeds that of households without remittances (72,756 Mand and 54,025 MAD, respectively).
As of 2013, every CCT beneficiary family received, on average, a monthly transfer of 130 US dollars (IADB, 2013), whereas the average remittance sent to Mexico was 292.4 US dollars (Yearbook of Migration & Remittances 2016, p. 130).
This may partly explain the high incidence of remittances: 76 (74) percent of the households with a male (female) migrant receive the inflows.
However the states whose economies are the most dependent on these transfers are Michoacán (9.9%), Guerrero (7.8%), Oaxaca (7.4%), and Zacatecas (6.8%) (Yearbook of Migration & Remittances, 2016, pp. 133 134).
In 2015 the country received 4.4% of the global total of international remittance inflows, and one-third of the Latin American total (Yearbook of Migration & Remittances, 2016, pp. 124, 127).
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.
In line with the explained empirical evidence, this model allows us to identify two distinct types of investment motives for remittances.8 First, when the expected returns to remittances are larger than the returns to savings, we say that remittances are sent with a "pure investment motive".
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com