The income elasticity of remittances: new evidence from financial diaries

Ryan Barclay Edwards and Estelle Stambolie
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Ryan Barclay Edwards: Australian National University

No 5nhq6_v1, SocArXiv from Center for Open Science

Abstract: Using high-frequency financial diaries data from Fijians working in Australia as part of the Pacific Australia Labour Mobility scheme, we examine whether migrants send more money home when they earn more. Regardless of whether PALM migrants earn more or less in Australia over their stay, they tend to send the same regular amounts home to support their families. Exploiting variation within individual migrants over time, we estimate an income elasticity of remittances of around 0.3. These contemporaneous responses are driven by negative shocks, suggesting an immediate pass-through to families back home, where remittances are the main source of income.

Date: 2025-12-02
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:5nhq6_v1

DOI: 10.31219/osf.io/5nhq6_v1

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