How Long to Read The Propensity to Remit: Macro and Micro Factors Driving Remittances to Central America and the Caribbean

By Hussein Bidawi

How Long Does it Take to Read The Propensity to Remit: Macro and Micro Factors Driving Remittances to Central America and the Caribbean?

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Description

In contrast to expectations, remittances to Central America and the Caribbean (CAC) surprised positively during 2020 and 2021. This study revisits the key macro indicators driving remittances, looks at the heterogeneous impacts of the global financial crisis (GFC) and COVID shocks, then uses micro data from the U.S. Current Population Census to examine individual features of immigrant households and how this might affect the “propensity to remit”. The paper finds that remittance flows are responsive to both sending and receiving country economic conditions and that labor market conditions are particularly important determinants of remittance flows, explaining the unexpected jump in remittance flows in 2020-2021 and providing stronger predictive power when combined with income variables. Analysis of the micro data reinforces these findings, reflecting the existence of a family resource sharing model at play.

How long is The Propensity to Remit: Macro and Micro Factors Driving Remittances to Central America and the Caribbean?

The Propensity to Remit: Macro and Micro Factors Driving Remittances to Central America and the Caribbean by Hussein Bidawi is 0 pages long, and a total of 0 words.

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The average oral reading speed is 183 words per minute. This means it takes to read The Propensity to Remit: Macro and Micro Factors Driving Remittances to Central America and the Caribbean aloud.

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