The good and the bad in remittance flows

Catalina Amuedo-Dorantes

IZA World of Labor, 2014, No 97, 97

Abstract: Remittances have risen spectacularly in recent decades, capturing the attention of researchers and policymakers and spurring debate on their pros and cons. Remittances can improve the well-being of family members left behind and boost the economies of receiving countries. They can also create a culture of dependency in the receiving country, lowering labor force participation, promoting conspicuous consumption, and slowing economic growth. A better understanding of their impacts is needed in order to formulate specific policy measures that will enable developing economies to get the greatest benefit from these monetary inflows.

Keywords: remittances; remittance income volatility; remittance policy; developing economies (search for similar items in EconPapers)
JEL-codes: F24 O1 O2 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (28)

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