“…Funkhouser [12] proposes a simply behavioral model of remittances based on altruism and concludes that remittance is determined by human capital, household income, further intention, other migrants' remittance, and discount factor. However, most theoretical papers on remittance are treated the remittance as an exogenous variable and examine the effect of remittance on economy (McCormick and Wahba, [13][14][15][16]2,17,18].…”