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In the future, companies plan to step up the infrastructure that would support remittances to India and provide online financial solutions for the country's unbanked population.
This need not be interpreted as wealthier nurses being less altruistically inclined than others, but simply reflects a similar phenomenon to target saving, where, in the case of remittances, once a migrant has achieved a certain target level of family support, remittances no longer rise with income.
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It would also be foolish, as these U.S. residents help support, with remittances, countries that would only send more illegal immigration to the United States if their economies took another blow.
If Mexico will not pay for it, do you support seizing remittances to Mexican families from Mexican immigrants and/or citizens?
Migration is not only a way for migrants to better their lives but is also a significant source of family support via remittances (2, 3, 5, 7).
Survey respondents were asked to indicate all those they supported via remittances (N = 554); 41% (227) supported parents, 21% (117) supported brothers and sisters and 11% (59) supported their children.
These studies found little evidence to support the remittance decay hypothesis; that is the survey data did not indicate a significant decline in remittances the longer the time period that migrants spent away from home.
About a quarter to a half of the economic activity that's going on in Haiti is supported by remittances right now, and that's ignoring the key question you bring up, John, which is: is development something that happens to people or to places?
The authorities have recently made it easier to get a passport, which has only encouraged the hemorrhaging of the talented and disgruntled, so that potential threats leave the country, the competition for spoils inside is eased, and those who remain are increasingly supported by remittances from abroad.
A spokesman for an international bank that set up a local branch four months ago says its short-term targets have already been met perhaps not surprising given that many families are supported by remittances from relatives who fled the fighting and settled abroad.
They will also support micro-remittances, namely those under $200, thereby allowing the unbanked to send cash home.
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