A technical note on the decision of sending remittances: An overlapping generations model on the self-interest motive of remittances

The motivation to remit may be summarized into altruism and self-interest, which is composed of exchange, strategic, insurance and investment motives. Under self-interest, migrants remit so as to maximize income across time. By devising an unconventional overlapping generations model elaborating on...

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Main Author: Cabuay, Christopher James R.
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Published: Animo Repository 2012
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Online Access:https://animorepository.dlsu.edu.ph/faculty_research/9503
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Institution: De La Salle University
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spelling oai:animorepository.dlsu.edu.ph:faculty_research-113382023-07-02T22:43:54Z A technical note on the decision of sending remittances: An overlapping generations model on the self-interest motive of remittances Cabuay, Christopher James R. The motivation to remit may be summarized into altruism and self-interest, which is composed of exchange, strategic, insurance and investment motives. Under self-interest, migrants remit so as to maximize income across time. By devising an unconventional overlapping generations model elaborating on the migrant's decision to remit, this paper draws three key findings. The amount a migrant remits increases with his level of income, given that he has a positive time preference. The level of remittances increases with the gross rate of return if the migrant is risk neutral or relatively less risk averse. Lastly, the level of remittances decreases with the depreciation of exchange rates. 2012-01-01T08:00:00Z text https://animorepository.dlsu.edu.ph/faculty_research/9503 Faculty Research Work Animo Repository Emigrant remittances Economics Migration Studies
institution De La Salle University
building De La Salle University Library
continent Asia
country Philippines
Philippines
content_provider De La Salle University Library
collection DLSU Institutional Repository
topic Emigrant remittances
Economics
Migration Studies
spellingShingle Emigrant remittances
Economics
Migration Studies
Cabuay, Christopher James R.
A technical note on the decision of sending remittances: An overlapping generations model on the self-interest motive of remittances
description The motivation to remit may be summarized into altruism and self-interest, which is composed of exchange, strategic, insurance and investment motives. Under self-interest, migrants remit so as to maximize income across time. By devising an unconventional overlapping generations model elaborating on the migrant's decision to remit, this paper draws three key findings. The amount a migrant remits increases with his level of income, given that he has a positive time preference. The level of remittances increases with the gross rate of return if the migrant is risk neutral or relatively less risk averse. Lastly, the level of remittances decreases with the depreciation of exchange rates.
format text
author Cabuay, Christopher James R.
author_facet Cabuay, Christopher James R.
author_sort Cabuay, Christopher James R.
title A technical note on the decision of sending remittances: An overlapping generations model on the self-interest motive of remittances
title_short A technical note on the decision of sending remittances: An overlapping generations model on the self-interest motive of remittances
title_full A technical note on the decision of sending remittances: An overlapping generations model on the self-interest motive of remittances
title_fullStr A technical note on the decision of sending remittances: An overlapping generations model on the self-interest motive of remittances
title_full_unstemmed A technical note on the decision of sending remittances: An overlapping generations model on the self-interest motive of remittances
title_sort technical note on the decision of sending remittances: an overlapping generations model on the self-interest motive of remittances
publisher Animo Repository
publishDate 2012
url https://animorepository.dlsu.edu.ph/faculty_research/9503
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