How Do Monthly Remittances Respond to Natural Disasters in Migrants’ Home Countries?

Giulia Bettin, Amadou Jallow (a.jallow@utg.edu.gm) and Alberto Zazzaro (alberto.zazzaro@unina.it)
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Amadou Jallow: University of the Gambia.

CSEF Working Papers from Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy

Abstract: The literature on the impact of natural disasters on remittances has provided mixed evidence so far, with identification remaining a key challenge. This paper studies the insurance role of remittances by investigating their dynamic response in the aftermath of a disaster. We use a novel and rich panel dataset of monthly remittance flows from Italy to 81 developing countries for the period 2005 to 2015. We find that monthly remittance flows on average increase by 2% due to natural disasters in migrants’ home countries. The response gets significant a few months after the event and tends to disappear within a year from the disaster occurrence. The intensity and timing of remittances’ responsiveness are heterogeneous according to the nature of the disaster, the receiving country’s characteristics, and migrants’ socio-economic conditions in the host country.

Keywords: migrants’ remittances; international migration; natural disasters. (search for similar items in EconPapers)
JEL-codes: F22 F24 Q54 (search for similar items in EconPapers)
Date: 2023-05-02
New Economics Papers: this item is included in nep-dev, nep-env, nep-fdg and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Working Paper: HOW DO MONTHLY REMITTANCES RESPOND TO NATURAL DISASTERS IN MIGRANTS' HOME COUNTRIES? (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:sef:csefwp:673

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