Migration, Risk, and Liquidity Constraints in El Salvador

Timothy J. Halliday

Economic Development and Cultural Change, 2006, vol. 54, issue 4, pages 893-925

Abstract: This article utilizes panel data from El Salvador to investigate the use of transnational migration as an ex post risk management strategy. I show that adverse agricultural conditions in El Salvador increase both migration to the United States and remittances sent back to El Salvador. I show that, in the absence of any agricultural shocks, the probability that a household sent members to the United States would have decreased on average by 24.26%. I also show that the 2001 earthquakes reduced net migration to the United States. A one standard deviation increase in earthquake damage reduced the average probability of northward migration by 37.11%. The evidence suggests that the effects of the earthquakes had more to do with households retaining labor at home to cope with the effects of the disaster than with the earthquakes disrupting migration financing.

Date: 2006
View citations in EconPapers

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Migration, Risk and Liquidity Constraints in El Salvador (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ucp:ecdecc:y:2006:v:54:i:4:p:893-925

Ordering information: This journal article can be ordered from
http://www.journals.uchicago.edu/EDCC/order1.html

Access Statistics for this article

Economic Development and Cultural Change is edited by John Strauss

More articles in Economic Development and Cultural Change from University of Chicago Press
Address: The University of Chicago Press, Journals Division, P.O. Box 37005 Chicago, IL 60637
Series data maintained by Christopher F. Baum ().