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Another benefit to home countries comes in the form of social remittances: technology transfers, information or knowledge exchanges, and democratic values transmission, for example.
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Figure 1 The remittance technology.
Figure 2 The remittance technology (convex case).
Summing up, the remittance technology relies on the following set of parameters: (Δ,σ,a,b,γ).
Let us first analyze the properties of the remittance technology in the way it affects the expectation of future consumption.
In the next section, we analyze migrants' optimal saving and remittance decisions, taking into account the potential heterogeneity in the remittance technology across migrants.
For instance, the diversification of migrants' portfolios depends on the remittance technology, and more precisely on whether returns to remittances are concave or convex.
As in the previous section, let us consider how some migrant characteristic may affect the remittance technology, in term of consumption variance this time.
The remittance technology primarily relies on R o (r), which we specify as R o r ; a, b = b r a a, with a and b positive, so that R o (r) is concave if and only if a≤1.
Whether for circumventing restrictions for travelers or eliminating fees for locals collecting remittances, bitcoin technology has been able to provide a huge advantage in facilitating transactions across borders.
With the utility bill payments, PayNearMe partners with Fairfield billing service provider InfoSend to us PayNearMe's Embedded Barcode Remittance (EBR) technology.
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