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dc.contributor.authorKoechlin, Valerieen_US
dc.contributor.authorLeón, Gianmarcoen_US
dc.date.accessioned2010-02-23en_US
dc.date.accessioned2011-11-18T11:48:44Z-
dc.date.available2011-11-18T11:48:44Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/51522-
dc.description.abstractThe aim of this paper is to provide comprehensive empirical evidence on the relationship between international remittances and income inequality. In simple cross-country regressions we find a non-monotonic link between these two variables when using ordinary least squares, instrumental variables; we also test our hypothesis using dynamic panel data methods. We provide evidence in support of existing theoretical work that accounts for network effects that describe how, in the first stages of migration history, there is an inequality-increasing effect of remittances on income inequality. Then, as the opportunity cost of migrating is lowered due to these effects, remittances sent to those households have a negative impact on inequality. We also show how education and the development of the financial sector can help countries to reach the inequality-decreasing section of the curve more quickly. Our results are robust to several empirical specifications, as well as for a wide variety of inequality measures.en_US
dc.language.isoengen_US
dc.publisherInter-American Development Bank, Research Dep. Washington, DCen_US
dc.relation.ispartofseriesWorking paper // Inter-American Development Bank, Research Department 571en_US
dc.subject.jelO1en_US
dc.subject.jelO15en_US
dc.subject.jelJ16en_US
dc.subject.ddc330en_US
dc.subject.keywordMigrationen_US
dc.subject.keywordInternational Remittancesen_US
dc.subject.keywordIncome distributionen_US
dc.titleInternational remittances and income inequality: An empirical investigationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn58523454Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Research Department Working Papers, Inter-American Development Bank

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