Remittances as a Social Status Signaling Device

Claire Naiditch and Radu Vranceanu

No DR 09015, ESSEC Working Papers from ESSEC Research Center, ESSEC Business School

Abstract: Like all human beings, migrants may have a concern about their prestige or social status in the eyes of left home family and friends. They can remit money in order to signal their economic success and increase their status. We show that, if migrants' income is private information, unsuccessful migrants might accept a worsening of their living conditions and send back home large amounts of remittances only in order to make residents believe that they are successful. In some cases, successful migrants can signal their true favorable economic situation by remitting an even larger amount.

Keywords: Imperfect Information; Poverty; Remittances; Signaling (search for similar items in EconPapers)
JEL-codes: D82 F24 O15 Z13 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2009-12
New Economics Papers: this item is included in nep-cta and nep-mig
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Related works:
Journal Article: Remittances as a social status signaling device (2011)
Working Paper: Remittances as a social status signaling device (2011)
Working Paper: Remittances as a Social Status Signaling Device (2009)
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