Fajnzylber, PabloAcosta, PabloLopez, J. Humberto2012-06-072012-06-072007-06https://hdl.handle.net/10986/7392This paper explores the impact of remittances on poverty, education, and health in 11 Latin American countries using nationally representative household surveys and making an explicit attempt to account for one of the inherent costs associated with migration-the potential income that the migrant may have made at home. The main findings of the study are the following: (1) regardless of the counterfactual used remittances appear to lower poverty levels in most recipient countries; (2) yet despite this general tendency, the estimated impacts tend to be modest; and (3) there is significant country heterogeneity in the poverty reduction impact of remittances' flows. Among the aspects that have been identified in the paper that may lead to varying outcomes across countries are the percentage of households reporting remittances income, the share of remittances of recipient households belonging to the lowest quintiles of the income distribution, and the relative importance of remittances flows with respect to GDP. While remittances tend to have positive effects on education and health, this impact is often restricted to specific groups of the population.CC BY 3.0 IGOADULT EDUCATIONAMOUNT OF REMITTANCESAMOUNTS OF REMITTANCESANNUAL GROWTHBALANCE OF PAYMENTSBENEFITS OF REMITTANCESCAPITA INCOMECAPITA REMITTANCESCAPITAL ACCUMULATIONCAPITAL FLOWSCAPITAL MARKETSCOUNTERFACTUALCOUNTRY CHARACTERISTICSCOUNTRY SPECIFICCOUNTRY SPECIFICITYCROSS COUNTRYCROSS COUNTRY ANALYSESCROSS COUNTRY PERSPECTIVEDEPENDENT VARIABLEDEVELOPING COUNTRIESDEVELOPING WORLDDEVELOPMENT EFFORTSDEVELOPMENT IMPACT OF REMITTANCESDEVELOPMENT INDICATORSDEVELOPMENT PRACTITIONERSDISTRIBUTION OF REMITTANCESECONOMIC CONSEQUENCESEDUCATION LEVELEDUCATIONAL ATTAINMENTEFFECT OF REMITTANCESEFFECTS OF REMITTANCESEMPIRICAL EVIDENCEEMPIRICAL RESULTSESTIMATED COEFFICIENTSEXCHANGE RATEFINANCIAL CONSTRAINTSFINANCIAL FLOWSFINANCIAL INSTITUTIONSFINANCIAL MARKETSFOREIGN EXCHANGEFOREIGN EXCHANGE EARNINGSGLOBAL LEVELGROSS NATIONAL INCOMEGROWTH RATESHEADCOUNT POVERTYHEALTH OUTCOMESHOME COUNTRIESHOUSEHOLD ASSETSHOUSEHOLD INCOMEHOUSEHOLD LEVELHOUSEHOLD SIZEHOUSEHOLD SURVEYHOUSEHOLD SURVEY DATAHOUSEHOLD SURVEYSHOUSEHOLD WELFAREHUMAN CAPITALIMPACT OF MIGRATIONIMPACT OF REMITTANCESIMPORTANCE OF REMITTANCESINCOME DIMENSIONINCOME DISTRIBUTIONINCREASE IN REMITTANCESINEQUALITY LEVELSLABOR SUPPLYLATIN AMERICANLONG RUNLOW-INCOME COUNTRIESMACROECONOMIC EFFECTSMIGRANTMIGRANT NETWORKSMIGRANTSMIGRATIONMIGRATION PATTERNSNATIONAL ACCOUNTSNATIONAL POPULATIONNATIONAL POVERTYNATIONAL POVERTY RATENUMBER OF CHILDRENOFFICIAL DEVELOPMENT ASSISTANCEPER CAPITA INCOMEPER CAPITA INCOME LEVELSPOINT ESTIMATESPOLICY MAKERSPOLICY RESEARCHPOLICY RESEARCH WORKING PAPERPOOR HOUSEHOLDSPOTENTIAL MIGRANTSPOVERTY EFFECTSPOVERTY IMPACTPOVERTY INDICATORSPOVERTY LEVELSPOVERTY LINEPOVERTY LINESPOVERTY MEASUREPOVERTY RATEPOVERTY RATESPOVERTY REDUCINGPOVERTY REDUCTIONPOVERTY STATUSPRACTITIONERSPROGRESSRECIPIENT COUNTRIESRECIPIENT HOUSEHOLDSRECIPIENT OF REMITTANCESRECIPIENTS OF REMITTANCESRELATIVE IMPORTANCEREMITTANCEREMITTANCE RECIPIENTSREMITTANCESREMITTANCES FLOWSRESPECTSELECTION BIASSIGNIFICANT IMPACTSIMULATIONSTOTAL AMOUNT OF REMITTANCESTRINIDAD AND TOBAGOVOLUME OF REMITTANCESWORKERS REMITTANCESWorld Bank10.1596/1813-9450-4247