The widespread impacts of remittance flows

Catalina Amuedo-Dorantes and Susan Pozo

World of Labour, 2023, No 97v2, 97

Abstract: Remittances have risen spectacularly in absolute terms and in relation to traditional sources of foreign exchange, such as export revenues. Remittances can improve the well-being of family members left behind and boost growth rates of receiving economies. They can also create a culture of dependency, lowering labor force participation in recipient nations, promoting conspicuous consumption, and accelerating environmental degradation. A more thorough understanding of their impacts can help formulate policies that enable developing economies to harness the most out of these monetary inflows.

Keywords: remittances; consumption smoothing; remittance policy; developing economies (search for similar items in EconPapers)
JEL-codes: F24 O1 O2 (search for similar items in EconPapers)
Date: 2023
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