Publication: What is the Impact of International Remittances on Poverty and Inequality in Latin America?
Date
2007-06
ISSN
Published
2007-06
Author(s)
Abstract
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, the
authors 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.
Link to Data Set
Citation
“Acosta, Pablo; Calderón, Cesar; Fajnzylber, Pablo; Lopez, Humberto. 2007. What is the Impact of International Remittances on Poverty and Inequality in Latin America?. Policy Research Working Paper; No. 4249. © World Bank, Washington, DC. http://hdl.handle.net/10986/7400 License: CC BY 3.0 IGO.”
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