TY - BOOK ID - 134623732 TI - International Remittances and the Household : Analysis and Review of Global Evidence PY - 2007 PB - Washington, D.C., The World Bank, DB - UniCat KW - Citizens KW - Debt Markets KW - Developing Countries KW - Finance and Financial Sector Development KW - Global Development KW - Global Development Finance KW - Health, Nutrition and Population KW - Household Income KW - Household Level KW - International Migrants KW - International Migration KW - Level of Poverty KW - Macroeconomics and Economic Growth KW - Migrant KW - Migrant Workers KW - Migrants KW - Policy KW - Policy Research KW - Policy Research Working Paper KW - Population Policies KW - Progress KW - Remittance KW - Remittances KW - Resource Flows KW - World Population UR - https://www.unicat.be/uniCat?func=search&query=sysid:134623732 AB - This paper examines the economic impact of international remittances on countries and households in the developing world. To analyze the country-level impact of remittances, the paper estimates an econometric model based on a new data set of 115 developing countries. Results suggest that countries located close to a major remittance-sending region (like the United States, OECD-Europe) are more likely to receive international remittances, and that while the level of poverty in a country has no statistical effect on the amount of remittances received, for those countries which are fortunate enough to receive remittances, these resource flows do tend to reduce the level and depth of poverty. At the household level, a review of findings from recent research suggest that households receiving international remittances spend less at the margin on consumption goods-like food-and more on investment goods-like education and housing. Households receiving international remittances also tend to invest more in entrepreneurial activities. ER -