Remittances and the Economic Crisis : Evidence from the Greenback 2.0 Survey in Italy
Monetary remittances represent the most visible transnational activity of migrants and can be considered as a function of migrant’s ability of producing savings from income and of remitting (supply side), and of the type of claims of family members...
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World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/05/24438302/remittances-economic-crisis-evidence-greenback-20-survey-italy-remittances-economic-crisis-evidence-greenback-20-survey-italy http://hdl.handle.net/10986/21918 |
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okr-10986-219182021-04-23T14:04:05Z Remittances and the Economic Crisis : Evidence from the Greenback 2.0 Survey in Italy Bartolini, Laura Castagnone, Eleonora MIGRANT GROUPS EMPLOYMENT IMMIGRANT FINANCIAL SERVICES CAPITA INCOME WORKFORCE FORMAL EDUCATION ACCOUNTING MIGRANT FAMILY MEMBERS INFORMAL SECTOR INCOME REMITTANCE INFLOWS FAMILY STRUCTURE REMITTANCE LABOR FORCE ECONOMIC NEEDS WELFARE SYSTEM VARIATION IN REMITTANCES IMMIGRANTS HEALTH CARE WELFARE LEGAL STATUS FEMALE EMPLOYMENT EFFECTS FAMILY MEMBERS AMOUNT OF REMITTANCES VARIABLES HEALTH WORKERS SEND REMITTANCES DROP IN REMITTANCES REMITTANCE FLOWS ANNUAL REMITTANCES ECONOMIC STABILITY SEND MONEY REMITTANCE OUTFLOWS TRENDS NATIVE WORKERS DEVELOPMENT LABOR MARKET CONTRACTUAL ARRANGEMENTS FEMALE MIGRANTS PER CAPITA INCOME TRAINING INTERNATIONAL MIGRANT REMITTANCES FAMILY CONSUMPTION INCOME INEQUALITY FAMILY REUNIFICATION INTERNATIONAL REMITTANCES SECONDARY SCHOOL MIGRATION TRANSFERS NATURAL DISASTERS CRITERIA MARKETS HIGH SCHOOL DIPLOMA DISASTERS MARRIAGE INCOME LEVELS LABOR MIGRANTS MIGRANT WORKFORCE FINANCE MIGRA MIGRANT VOCATIONAL TRAINING INCOME SECURITY MALE MIGRANTS WAGES WHO HOME COUNTRY GENDER DIFFERENCES LAYOFF MIGRANT REMITTANCES FINANCIAL CRISIS WOMAN GENDER DIVISION OF LABOR ECONOMIC SECTORS LABOUR MARKET MONETARY REMITTANCES INTERNATIONAL MIGRANT SECONDARY SCHOOL DIPLOMA INCOMES EMPLOYMENT GROWTH MIGRANT WORKERS ECONOMIC SITUATION ECONOMICS SOCIAL WELFARE CITIZENS MIGRANT FAMILY SEX TRADE RESIDENCE STATUS ECONOMIC INTEGRATION LEVEL OF EDUCATION CITIZENSHIP SECURITY MIGRATORY PROCESS RISK MONETARY FLOWS CONTRACTING CRISES IMMIGRATION BARGAINING SUPPLY FOREIGN WORKERS ECONOMIC TRENDS POPULATION MARITAL STATUS COUNTRIES OF DESTINATION MIGRANT WOMEN FOREIGN LABOR WOMEN COUNTRY OF ORIGIN LABOUR REMITTANCES OUTCOMES OLDER RELATIVES MIGRATION–DEVELOPMENT NEXUS MONEY TRANSFERS IMMIGRANT WORKERS ECONOMIC CONDITIONS NATIONAL GROUPS INEQUALITY Monetary remittances represent the most visible transnational activity of migrants and can be considered as a function of migrant’s ability of producing savings from income and of remitting (supply side), and of the type of claims of family members, either left in the country of origin or residing abroad with the migrant (demand side). Hence, migrant’s remitting capacity is directly linked to the level of economic integration at destination. However, what happens to remittances when the labor market becomes uncertain and the earning potential decreases? Based on a recent survey, this paper explores the effect of the economic crisis on income trends and on the flow of monetary remittances sent to the families left home among three surveyed groups in Turin, Moroccans, Peruvians and Romanians. Results show a widespread worsening of the average economic conditions since the outbreak of the crisis in 2008. The protracted economic instability seems to have effects on migrants’ ability to keep remittance flows constant over time, with differentiated outcomes according to the national groups. While Moroccans show a higher propensity in receiving remittances, Peruvians are those who resist more to a remittance drop over the last five years. Beyond economic determinants, observed patterns in remittance trends can also be explained by migrant household characteristics in Italy and abroad and to unobserved variables (distance) related to the country of origin. 2015-05-19T20:56:03Z 2015-05-19T20:56:03Z 2015-03 Working Paper http://documents.worldbank.org/curated/en/2015/05/24438302/remittances-economic-crisis-evidence-greenback-20-survey-italy-remittances-economic-crisis-evidence-greenback-20-survey-italy http://hdl.handle.net/10986/21918 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Europe and Central Asia Italy |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
MIGRANT GROUPS EMPLOYMENT IMMIGRANT FINANCIAL SERVICES CAPITA INCOME WORKFORCE FORMAL EDUCATION ACCOUNTING MIGRANT FAMILY MEMBERS INFORMAL SECTOR INCOME REMITTANCE INFLOWS FAMILY STRUCTURE REMITTANCE LABOR FORCE ECONOMIC NEEDS WELFARE SYSTEM VARIATION IN REMITTANCES IMMIGRANTS HEALTH CARE WELFARE LEGAL STATUS FEMALE EMPLOYMENT EFFECTS FAMILY MEMBERS AMOUNT OF REMITTANCES VARIABLES HEALTH WORKERS SEND REMITTANCES DROP IN REMITTANCES REMITTANCE FLOWS ANNUAL REMITTANCES ECONOMIC STABILITY SEND MONEY REMITTANCE OUTFLOWS TRENDS NATIVE WORKERS DEVELOPMENT LABOR MARKET CONTRACTUAL ARRANGEMENTS FEMALE MIGRANTS PER CAPITA INCOME TRAINING INTERNATIONAL MIGRANT REMITTANCES FAMILY CONSUMPTION INCOME INEQUALITY FAMILY REUNIFICATION INTERNATIONAL REMITTANCES SECONDARY SCHOOL MIGRATION TRANSFERS NATURAL DISASTERS CRITERIA MARKETS HIGH SCHOOL DIPLOMA DISASTERS MARRIAGE INCOME LEVELS LABOR MIGRANTS MIGRANT WORKFORCE FINANCE MIGRA MIGRANT VOCATIONAL TRAINING INCOME SECURITY MALE MIGRANTS WAGES WHO HOME COUNTRY GENDER DIFFERENCES LAYOFF MIGRANT REMITTANCES FINANCIAL CRISIS WOMAN GENDER DIVISION OF LABOR ECONOMIC SECTORS LABOUR MARKET MONETARY REMITTANCES INTERNATIONAL MIGRANT SECONDARY SCHOOL DIPLOMA INCOMES EMPLOYMENT GROWTH MIGRANT WORKERS ECONOMIC SITUATION ECONOMICS SOCIAL WELFARE CITIZENS MIGRANT FAMILY SEX TRADE RESIDENCE STATUS ECONOMIC INTEGRATION LEVEL OF EDUCATION CITIZENSHIP SECURITY MIGRATORY PROCESS RISK MONETARY FLOWS CONTRACTING CRISES IMMIGRATION BARGAINING SUPPLY FOREIGN WORKERS ECONOMIC TRENDS POPULATION MARITAL STATUS COUNTRIES OF DESTINATION MIGRANT WOMEN FOREIGN LABOR WOMEN COUNTRY OF ORIGIN LABOUR REMITTANCES OUTCOMES OLDER RELATIVES MIGRATION–DEVELOPMENT NEXUS MONEY TRANSFERS IMMIGRANT WORKERS ECONOMIC CONDITIONS NATIONAL GROUPS INEQUALITY |
| spellingShingle |
MIGRANT GROUPS EMPLOYMENT IMMIGRANT FINANCIAL SERVICES CAPITA INCOME WORKFORCE FORMAL EDUCATION ACCOUNTING MIGRANT FAMILY MEMBERS INFORMAL SECTOR INCOME REMITTANCE INFLOWS FAMILY STRUCTURE REMITTANCE LABOR FORCE ECONOMIC NEEDS WELFARE SYSTEM VARIATION IN REMITTANCES IMMIGRANTS HEALTH CARE WELFARE LEGAL STATUS FEMALE EMPLOYMENT EFFECTS FAMILY MEMBERS AMOUNT OF REMITTANCES VARIABLES HEALTH WORKERS SEND REMITTANCES DROP IN REMITTANCES REMITTANCE FLOWS ANNUAL REMITTANCES ECONOMIC STABILITY SEND MONEY REMITTANCE OUTFLOWS TRENDS NATIVE WORKERS DEVELOPMENT LABOR MARKET CONTRACTUAL ARRANGEMENTS FEMALE MIGRANTS PER CAPITA INCOME TRAINING INTERNATIONAL MIGRANT REMITTANCES FAMILY CONSUMPTION INCOME INEQUALITY FAMILY REUNIFICATION INTERNATIONAL REMITTANCES SECONDARY SCHOOL MIGRATION TRANSFERS NATURAL DISASTERS CRITERIA MARKETS HIGH SCHOOL DIPLOMA DISASTERS MARRIAGE INCOME LEVELS LABOR MIGRANTS MIGRANT WORKFORCE FINANCE MIGRA MIGRANT VOCATIONAL TRAINING INCOME SECURITY MALE MIGRANTS WAGES WHO HOME COUNTRY GENDER DIFFERENCES LAYOFF MIGRANT REMITTANCES FINANCIAL CRISIS WOMAN GENDER DIVISION OF LABOR ECONOMIC SECTORS LABOUR MARKET MONETARY REMITTANCES INTERNATIONAL MIGRANT SECONDARY SCHOOL DIPLOMA INCOMES EMPLOYMENT GROWTH MIGRANT WORKERS ECONOMIC SITUATION ECONOMICS SOCIAL WELFARE CITIZENS MIGRANT FAMILY SEX TRADE RESIDENCE STATUS ECONOMIC INTEGRATION LEVEL OF EDUCATION CITIZENSHIP SECURITY MIGRATORY PROCESS RISK MONETARY FLOWS CONTRACTING CRISES IMMIGRATION BARGAINING SUPPLY FOREIGN WORKERS ECONOMIC TRENDS POPULATION MARITAL STATUS COUNTRIES OF DESTINATION MIGRANT WOMEN FOREIGN LABOR WOMEN COUNTRY OF ORIGIN LABOUR REMITTANCES OUTCOMES OLDER RELATIVES MIGRATION–DEVELOPMENT NEXUS MONEY TRANSFERS IMMIGRANT WORKERS ECONOMIC CONDITIONS NATIONAL GROUPS INEQUALITY Bartolini, Laura Castagnone, Eleonora Remittances and the Economic Crisis : Evidence from the Greenback 2.0 Survey in Italy |
| geographic_facet |
Europe and Central Asia Italy |
| description |
Monetary remittances represent the most
visible transnational activity of migrants and can be
considered as a function of migrant’s ability of producing
savings from income and of remitting (supply side), and of
the type of claims of family members, either left in the
country of origin or residing abroad with the migrant
(demand side). Hence, migrant’s remitting capacity is
directly linked to the level of economic integration at
destination. However, what happens to remittances when the
labor market becomes uncertain and the earning potential
decreases? Based on a recent survey, this paper explores the
effect of the economic crisis on income trends and on the
flow of monetary remittances sent to the families left home
among three surveyed groups in Turin, Moroccans, Peruvians
and Romanians. Results show a widespread worsening of the
average economic conditions since the outbreak of the crisis
in 2008. The protracted economic instability seems to have
effects on migrants’ ability to keep remittance flows
constant over time, with differentiated outcomes according
to the national groups. While Moroccans show a higher
propensity in receiving remittances, Peruvians are those who
resist more to a remittance drop over the last five years.
Beyond economic determinants, observed patterns in
remittance trends can also be explained by migrant household
characteristics in Italy and abroad and to unobserved
variables (distance) related to the country of origin. |
| format |
Working Paper |
| author |
Bartolini, Laura Castagnone, Eleonora |
| author_facet |
Bartolini, Laura Castagnone, Eleonora |
| author_sort |
Bartolini, Laura |
| title |
Remittances and the Economic Crisis : Evidence from the Greenback 2.0 Survey in Italy |
| title_short |
Remittances and the Economic Crisis : Evidence from the Greenback 2.0 Survey in Italy |
| title_full |
Remittances and the Economic Crisis : Evidence from the Greenback 2.0 Survey in Italy |
| title_fullStr |
Remittances and the Economic Crisis : Evidence from the Greenback 2.0 Survey in Italy |
| title_full_unstemmed |
Remittances and the Economic Crisis : Evidence from the Greenback 2.0 Survey in Italy |
| title_sort |
remittances and the economic crisis : evidence from the greenback 2.0 survey in italy |
| publisher |
World Bank, Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/05/24438302/remittances-economic-crisis-evidence-greenback-20-survey-italy-remittances-economic-crisis-evidence-greenback-20-survey-italy http://hdl.handle.net/10986/21918 |
| _version_ |
1764449717145567232 |