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• W2103403463 abstract "Abstract This article studies the link between migration, remittances and asset accumulation for a panel of poor rural households in Mexico over the period 1997–2006. In a context of financial markets' imperfections, migration may act as a substitute for imperfect credit and insurance provision (through remittances from migrants) and, thus, exert a positive effect on investment. However, it may well be the case that remittances are channelled towards increasing consumption and leisure goods instead. Exploiting within family variation and an instrumental variable strategy, we show that migration indeed accelerates productive assets' accumulation. However, when we look at the effect of migration on non-productive assets (durable goods), we find a negative effect. Our results then suggest that poor rural families resort to migration as a way to mitigate constraints that prevent them from investing in productive assets." @default.
• W2103403463 created "2016-06-24" @default.
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• W2103403463 date "2012-08-01" @default.
• W2103403463 modified "2023-10-17" @default.
• W2103403463 title "Migration, Remittances and Capital Accumulation: Evidence from Rural Mexico" @default.
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• W2103403463 doi "https://doi.org/10.1080/00220388.2012.688817" @default.
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