What Is the Impact of International Remittances on Poverty and Inequality in Latin America?

Workers' remittances have become a major source of income for developing countries. However, little is still known about their impact on poverty and inequality. Using a large cross-country panel dataset, we find that remittances in Latin American and Caribbean (LAC) countries have increased gro...

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Main Authors:	Acosta, Pablo, Calderon, Cesar, Fajnzylber, Pablo, Lopez, Humberto
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Personal Income, Wealth, and Their Distributions D310 Remittances F240 Measurement and Analysis of Poverty I320 Economic Development: Human Resources Human Development Income Distribution Migration O150 International Linkages to Development Role of International Organizations O190
Online Access:	http://hdl.handle.net/10986/5785

id	okr-10986-5785
recordtype	oai_dc
spelling	okr-10986-57852021-04-23T14:02:23Z What Is the Impact of International Remittances on Poverty and Inequality in Latin America? Acosta, Pablo Calderon, Cesar Fajnzylber, Pablo Lopez, Humberto Personal Income, Wealth, and Their Distributions D310 Remittances F240 Measurement and Analysis of Poverty I320 Economic Development: Human Resources Human Development Income Distribution Migration O150 International Linkages to Development Role of International Organizations O190 Workers' remittances have become a major source of income for developing countries. However, little is still known about their impact on poverty and inequality. Using a large cross-country panel dataset, we find that remittances in Latin American and Caribbean (LAC) countries have increased growth and reduced inequality and poverty. These results are robust to the use of different instruments that attempt to correct for the potential endogeneity of remittances. Household survey-based estimates for 10 LAC countries confirm that remittances have negative albeit relatively small inequality and poverty-reducing effects, even after imputations for the potential home earnings of migrants. 2012-03-30T07:34:32Z 2012-03-30T07:34:32Z 2008 Journal Article World Development 0305750X http://hdl.handle.net/10986/5785 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Latin America & Caribbean
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Personal Income, Wealth, and Their Distributions D310 Remittances F240 Measurement and Analysis of Poverty I320 Economic Development: Human Resources Human Development Income Distribution Migration O150 International Linkages to Development Role of International Organizations O190
spellingShingle	Personal Income, Wealth, and Their Distributions D310 Remittances F240 Measurement and Analysis of Poverty I320 Economic Development: Human Resources Human Development Income Distribution Migration O150 International Linkages to Development Role of International Organizations O190 Acosta, Pablo Calderon, Cesar Fajnzylber, Pablo Lopez, Humberto What Is the Impact of International Remittances on Poverty and Inequality in Latin America?
geographic_facet	Latin America & Caribbean
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	Workers' remittances have become a major source of income for developing countries. However, little is still known about their impact on poverty and inequality. Using a large cross-country panel dataset, we find that remittances in Latin American and Caribbean (LAC) countries have increased growth and reduced inequality and poverty. These results are robust to the use of different instruments that attempt to correct for the potential endogeneity of remittances. Household survey-based estimates for 10 LAC countries confirm that remittances have negative albeit relatively small inequality and poverty-reducing effects, even after imputations for the potential home earnings of migrants.
format	Journal Article
author	Acosta, Pablo Calderon, Cesar Fajnzylber, Pablo Lopez, Humberto
author_facet	Acosta, Pablo Calderon, Cesar Fajnzylber, Pablo Lopez, Humberto
author_sort	Acosta, Pablo
title	What Is the Impact of International Remittances on Poverty and Inequality in Latin America?
title_short	What Is the Impact of International Remittances on Poverty and Inequality in Latin America?
title_full	What Is the Impact of International Remittances on Poverty and Inequality in Latin America?
title_fullStr	What Is the Impact of International Remittances on Poverty and Inequality in Latin America?
title_full_unstemmed	What Is the Impact of International Remittances on Poverty and Inequality in Latin America?
title_sort	what is the impact of international remittances on poverty and inequality in latin america?
publishDate	2012
url	http://hdl.handle.net/10986/5785
_version_	1764396283259256832

What Is the Impact of International Remittances on Poverty and Inequality in Latin America?

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