Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/48258 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorBettin, Giuliaen
dc.contributor.authorLucchetti, Riccardoen
dc.contributor.authorZazzaro, Albertoen
dc.date.accessioned2011-07-14-
dc.date.accessioned2011-07-14T14:38:10Z-
dc.date.available2011-07-14T14:38:10Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/48258-
dc.description.abstractFor many countries, remittance behaviour by migrants is an important component of their overall international financial flows. To date, the empirical literature has analysed the propensity to remit as a function of migrants' socio-economic characteristics. However, no studies have fully addressed the empirical implications of remittance behaviour being determined in the broader context of migrants' labour, income and consumption allocation strategy. On the contrary, the migrant's income has almost always been treated as exogenous in this context. The aim of this study is to estimate a remittance equation that detects the main determinants of remittance behaviour while addressing endogeneity and reverse causality relationships between remittances, income, consumption and savings. Moreover, since a large share of individuals do not remit money at all, an instrumental variable variant of the double-hurdle selection model is proposed and estimated by LIML. A sending country perspective is adopted in the empirical analysis by considering the first cohort of the Longitudinal Survey of Immigrants to Australia. We find that endogeneity is substantial and that estimates obtained by the methods previously employed in the literature may be very misleading if given a behavioural interpretation. Our results confirm some theoretical predictions and shed light on others; notably, we show that selfish motives in remitters are at least as important as altruistic motives.en
dc.language.isoengen
dc.publisher|aHamburgisches WeltWirtschaftsInstitut (HWWI) |cHamburgen
dc.relation.ispartofseries|aHWWI Research Paper |x3-21en
dc.subject.jelF24en
dc.subject.jelF22en
dc.subject.jelC21en
dc.subject.jelC24en
dc.subject.ddc330en
dc.subject.keywordDouble-hurdle modelen
dc.subject.keywordmigrationen
dc.subject.keywordremittancesen
dc.titleIncome, consumption and remittances: Evidence from immigrants to Australia-
dc.typeWorking Paperen
dc.identifier.ppn664206425en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:hwwirp:3-21en

Files in This Item:
File
Size
257.64 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.