Lecture 12: Remittances or Gifts?

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Presentation transcript:

Lecture 12: Remittances or Gifts? Are Remittances a substitute for Canadian Aid?

Motivations Alturism: One way Implicit Contract: Combination of both For How long and to Whom? Implicit Contract: For how long and to whom? Combination of both Does motivation differ by Immigration Status? Temporary vs. Permanet

Canadian Case Why so little: Less than 6% of total HH expenditures Less than 1/3 of foreign-born remit Largest Remittances by older vintage of immigrants What do remittances look like over life cycle? What is split between household and Charitable Remittances?

Distribution of Remittances

Restricted for Homogeneity and Symmetry Table 3: Expenditure Elasticities for Remittances to Persons Calculated from LA/AIDS, 1992/1996 Population Uncontrolled Controlled Group Income Group all top Y/2 bottom Y/2 Unrestricted Canadian 1.07 1.27 1.19 1.88 1.73 1.83 N.Am.&W.Eu. 1.29 1.43 1.67 2.28 2.14 2.23 S&E European 1.01 1.11 1.09 2.07 1.59 2.29 Ch.,As.&Oc. 1.12 1.10 1.13 Restricted for Homogeneity and Symmetry 1.25 1.20 1.86 1.70 1.78 1.66 2.25 2.10 2.18 0.98 1.06 1.08 2.08 1.60 2.36 Notes: Elasticity is computed through the formula , where is the actual mean expenditure share and is the estimated household income coefficient.

Household Transfers

Charitable Remittances

What is done with Remittances? Household consumption Who gets: poorest or middle class Is it invested: Schooling, capital equipment Two for One Mexico Programme Mexican Heroes to Mexican Exploited. Are remittances a substitute for Aid or FDI?