Essays on International Migration
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The economic literature has frequently emphasized the significance of migration research that focuses on the links between labor migration and the economic development of migrant-sending regions (Borjas, 1999; Lucas, 2005, for instance), and a growing number of researchers and policy makers are joining the debate on the economic consequences of migration. The existing economic literature has established that the uses of remittances by migrant-sending households and the human capital lost to migration are likely to have important economic implications for the migrant-sending areas. Central to the debate on the economic impact of migration is the perception that migrants’ households can channel remittances into productive investments. Indeed, the most common sources of capital for investment in the developing economies are owners’ personal savings or informal loans from other family members (Woodruff and Zenteno, 2007). The New Economics of Labor Migration literature (Stark and Bloom, 1985; Taylor, 1999) argues that remittances can relieve the capital constraints faced by households in lower-income regions. In this way migration can have a positive impact on the development of the private sector in developing and transition economies. Furthermore, a number of recent studies find evidence that remittances increase investment in education in the sending economies through relaxing liquidity constraints for households with migrants (see, for instance Edwards and Ureta (2003) and Yang (2008)).
THES
Dermendzhieva, Zvezda
Foundation, UniCredit & Universities
2011
Ph.D.
CERGE-EI
Prague
1272