International Migration, Remittances, and Household Investment: Evidence from Philippine Migrants' Exchange Rate Shocks

Yang, Dean

doi:10.3386/w12325

Cited by 239 publications

(330 citation statements)

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“…If households have complete access to credit, transitory shocks should have no effect on such investments, as borrowing allows households to separate the timing of investment from the timing of income. However, when household investments require fixed costs to be paid in advance of the investment returns and when households face credit constraints, the timing of household investments may depend on current income realizations (Yang, 2008). Table 10 presents the coefficient estimates on the health shock and the health shock interacted with reform, when the outcome variables are the change in household investment in farming, that in livestock, and the change in an indicator for whether the household had added any productive equipment since the last survey.…”

Section: Investment In Agricultural Activitiesmentioning

confidence: 99%

“…Closely related to the current paper is a set of papers analyzing the effects of health shocks on income, consumption and household choices (e.g., Townsend (1994), Kochar (1995), Gruber (2002), andMohanan (2013)). In focusing on a household-level shock and human capital investments, this paper also relates to studies of the impact of household-level shocks on child labor and schooling (e.g., Beegle, Dehejia, and Gatti (2006) and Yang (2008)). The main distinguishing features of this study are its use of a novel source of variation in access to health insurance, which makes it possible to examine households' responses to health shocks with and without health insurance.…”

Section: Introductionmentioning

confidence: 99%

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Insuring against health shocks: Health insurance and household choices

Liu

2016

Journal of Health Economics

107

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post Foundation. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E SIZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. This paper provides empirical evidence on the role of public health insurance in mitigating adverse outcomes associated with health shocks. Exploiting the rollout of a universal health insurance program in rural China, I find that total household income and consumption are fully insured against health shocks even without access to health insurance. Household labor supply is an important insurance mechanism against health shocks. Access to health insurance helps households to maintain investment in children's human capital during negative health shocks, which suggests that one benefit of health insurance could arise from reducing the use of costly smoothing mechanisms. JEL Classification:D1, O1, I1

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Section: Investment In Agricultural Activitiesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Insuring against health shocks: Health insurance and household choices

Liu

2016

Journal of Health Economics

107

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“…The literature shows that migration and remittances can affect various socio-economic outcomes among those left behind, such as poverty and income (Adams 2011;Gibson et al 2011), education (Antman 2012;Cortes 2015;Kroeger and Anderson 2014;Yang 2008), and health (Antman 2010;Böhme et al 2015;Gibson et al 2011;Kroeger and Anderson, 2014). Migrants can also change norms, attitudes, and behaviors back home.…”

Section: Introductionmentioning

confidence: 99%

Emigration, remittances, and the subjective well-being of those staying behind

2018

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We offer the first global perspective on the well-being consequences of emigration for those staying behind using several subjective well-being measures (evaluations of best possible life, positive affect, stress, and depression). Using the Gallup World Poll data for 114 countries during 2009-2011, we find that having family members abroad is associated with greater evaluative well-being and positive affect, and receiving remittances is linked with further increases in evaluative well-being, especially in poorer contexts-both across and within countries. We also document that having household members abroad is linked with increased stress and depression, which are not offset by remittances. The out-migration of family members appears less traumatic in countries where migration is more common, indicating that people in such contexts might be able to cope better with separation. Overall, subjective well-being measures, which reflect both material and non-material aspects of life, furnish additional insights and a wellrounded picture of the consequences of emigration on migrant family members staying behind relative to standard outcomes employed in the literature, such as the leftbehind's consumption, income, or labor market outcomes.

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“…7 Yang (2008) furthermore shows that the increase in enrollment rates can be partially explained by an increase in household educational expenditures.…”

Section: Introductionmentioning

confidence: 99%

“…On the other hand, migrants can ease their families' budget and credit constraints by sending remittances. These can, for example, help pay tuition fees and may allow children to postpone joining the labor force (see e.g., Yang 2008).…”

Section: Introductionmentioning

confidence: 99%