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• W2810930596 startingPage "429" @default.
• W2810930596 abstract "Abstract This paper examines primary incentives of remitting. Using estimated bilateral data on remittances, this paper demonstrates that a rise in the home (remittance‐receiving) country's gross national income (GNI) per capita leads to fewer remittances and that a rise in the host (remittance‐sending) country's GNI per capita motivates migrants to remit more. Real exchange rates and real interest rates have no effect on remittances. These results indicate that altruism is an important and critical component of motivations behind remittances. However, altruism alone does not appear to be a sufficient explanation of the motivations behind remittances. Other incentives such as loan repayment and investment play a non‐negligible role in this regard as well. The degree of altruism is higher for migrants from developing countries in comparison with migrants from developed countries, and it is higher when we define remittances as “personal transfers” rather than “personal transfers and compensation of employees.” The results of the vector error correction model show if remittances deviate from the equilibrium relationship, they will eventually revert." @default.
• W2810930596 created "2018-07-10" @default.
• W2810930596 creator A5038645544 @default.
• W2810930596 date "2018-07-01" @default.
• W2810930596 modified "2023-09-26" @default.
• W2810930596 title "Why do migrants remit?" @default.
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• W2810930596 doi "https://doi.org/10.1111/twec.12681" @default.
• W2810930596 hasPublicationYear "2018" @default.
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