International migration, remittances and household investment: Evidence from Philippine migrants' exchange rate shocks

Economic Journal

Volumn 118, Issue 528, 2008, Pages 591-630

  Yang, Dean ^a  

^a UNIVERSITY OF MICHIGAN   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EXCHANGE RATE; FINANCIAL CRISIS; HOUSEHOLD EXPENDITURE; HUMAN CAPITAL; INTERNATIONAL MIGRATION; INVESTMENT; MIGRANTS REMITTANCE; STOCK MARKET;

ASIA; EURASIA; PHILIPPINES; SOUTHEAST ASIA;

EID: 41149166262     PISSN: 00130133     EISSN: 14680297     Source Type: Journal    
DOI: 10.1111/j.1468-0297.2008.02134.x     Document Type: Article

References (34)

1. Adams, R.H. Jr., (1998). 'Remittances, investment, and rural asset accumulation in Pakistan', Economic Development and Cultural Change, vol. 17(1), pp. 155-73.
2. Ahlburg, D. (1991). Remittances and Their Impact: A Study of Tonga and Western Samoa, Canberra: Australian National University.
3. Angrist, J. and Krueger, A. (1999). 'Empirical strategies in labor economics', in (A. Ashenfelter and D. Card, eds.), Handbook of Labor Economics, Volume 3A, Amsterdam: North-Holland.
4. Baland, J.-M. and Robinson, J. (2000). 'Is child labor inefficient?', Journal of Political Economy, vol. 108(4), pp. 663-79.
5. Basu, K. and Van, P.H. (1998). 'The economics of child labor', American Economic Review, vol. 88 (3) (June), pp. 412-27.
6. Becker, G. (1965). 'A theory of the allocation of time', Economic J ournal, vol. 75 (September), pp. 493-517.
7. Beegle, K., Dehejia, R.H. and Gatti, R. (2006). 'Child labor and agricultural shocks', Journal of Development Economics, vol. 81 (September), pp. 80-96.
8. Bhagwati, J. (2003). 'Borders beyond control', Foreign Affairs, vol. 82 (1) (January/February), pp. 98-104.
9. Birdsall, N., Rodrik, D. and Subramanian, A. (2005). 'How to help poor countries', Foreign Affairs, vol. 84 (4) (July/August), p. 136.
10. Brown, R.P.C. (1994). 'Migrants'remittances, savings, and investment in the South Pacific', International Labour Review, vol. 133(3), pp. 347-67.
11. Brown, R.P.C. and Ahlburg, D. (1999). 'Remittances in the South Pacific', International Journal of Social Economics, vol. 26 (1/2/3), pp. 325-44.
12. Cariño, B. (1998). 'Introduction', in (B. Cariño, ed.), Filipino Workers on the Move: Trends, Dilemmas, and Policy Options, Manila: Philippine Migration Research Network.
13. Cox-Edwards, A. and Ureta, M. (2003). 'International migration, remittances, and schooling: Evidence from El Salvador', Journal of Development Economics, vol. 72, pp. 429-61.
14. Durand, J., Kandel, W., Parrado, E. and Massey, D. (1996). 'International migration and development in Mexican communities', Demography, vol. 33 (2) (May), pp. 249-64.
15. Duryea, S., Lam, D., and Levison, D. (2003). 'Effects of economic shocks on children's employment and schooling in Brazil', Population Studies Center Research Report No. 03-541, University of Michigan (December).
16. Dustmann, C. and Kirchkamp, O. (2002). 'The optimal migration duration and activity choice after re-migration', Journal of Development Economics, vol. 67, pp. 351-72.
17. Grindle, M. (1988). Searching for Rural Development: Labor Migration and Employment in Mexico, Ithaca: Cornell University Press.
18. Hurst, E. and Lusardi, A. (2004). 'Liquidity constraints, household wealth, and entrepreneurship', Journal of Political Economy, vol. 112(2) (April), pp. 319-47.
19. Lipton, M. (1980). 'Migration from rural areas of poor countries: The impact on rural productivity and income distribution', World Development, vol. 8(1) (January), pp. 1-24.
20. Massey, D., Alarcon, R., Durand, J. and Gonzalez, H. (1987). Return to Aztlan: The Social Process of International Migration from Western Mexico, Berkeley: University of California Press.
21. Massey, D. and Parrado, E. (1998). 'International migration and business formation in Mexico', Social Science Quarterly, vol. 79(1) (March), pp. 1-19.
22. McCormick, B. and Wahba, J. (2001). 'Overseas work experience, savings and entrepreneurship amongst return migrants to LDCs', Scottish Journal of Political Economy, vol. 48 (2) (May), pp. 164-78.
23. Mesnard, A. (2004). 'Temporary migration and capital market imperfections', Oxford Economic Papers, vol. 56, pp. 242-62.
24. Philippine Yearbook (2001). Manila: National Statistics Office.
25. Radelet, S. and Sachs, J. (1998). 'The onset of the East Asian financial crisis', NBER Working Paper No. 6680 (August).
26. Reichert, J. (1981). 'The migrant syndrome: Seasonal US wage labor and rural development in central Mexico', Human Organisation, vol. 40 (1), pp. 56-66.
27. Rosenzweig, M. and Wolpin, K. (1993). 'Credit market constraints, consumption smoothing and the accumulation of durable production assets in low-income countries: Investments in bullocks in India', Journal of Political Economy, vol. 101, pp. 223-44.
28. Taylor, J.E., Rozelle, S. and de Brauw, A. (2003). 'Migration and incomes in source communities: A new economics of migration perspective from China', Economic Development and Cultural Change, vol. 52, pp. 75-101.
29. United Nations. (2002). International Migration Report, New York: UN Population Division.
30. United States Bureau of the Census. (2002). International Data Base, Washington, D.C.
31. Woodruff, C. and Zenteno, R. (2007). 'Migration networks and microenterprises in Mexico', Journal of Development Economics, vol. 82(2), pp. 509-28.
32. World Bank. (2004). World Development Indicators on CD-ROM, Washington, D.C.
33. Yang, D. (2006a). 'International migration, remittances, and household investment: Evidence from Philippine migrants'exchange rate shocks', NBER Working Paper No. 12325 (June).
34. Yang, D. (2006b). 'Why do migrants return to poor countries? Evidence from Philippine migrants'responses to exchange rate shocks', Review of Economics and Statistics, vol. 88(4) (November), pp. 715-35.