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- W3125900846 abstract "Based on the economic theory of the family, this paper constructs a model of remittances where the migrant, besides sending money to his family, also invests in his home country. The investment is looked after by a family member in return for some monetary compensation. The model focuses on two different cases: state-contingent transfers (transfers are tied to investment outcomes) and fixed transfers (transfers are mainly of altruistic motive). As the migrant derives utilities from consumption, his consumption-investment decision is driven by preferences and future investment prospects. The transfers are to increase with both business encouraging and income compensatory effects." @default.
- W3125900846 created "2021-02-01" @default.
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- W3125900846 date "2011-01-01" @default.
- W3125900846 modified "2023-09-27" @default.
- W3125900846 title "Remittances for Economic Development: the Investment Perspective" @default.
- W3125900846 hasPublicationYear "2011" @default.
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