“…Many recent empirical studies have shed light on the positive and negative impacts of remittances on macroeconomic and social variables. Macro and micro level empirical studies (country case studies using household surveys), supporting the optimistic view, reveal that remittances reduce income inequality, (Mughal, ), poverty (Jimenez‐Soto and Brown, ), infant mortality (Zhunio et al., ), child labour (Ebeke, ), malnutrition (Lu, ), and output volatility (Chama et al., ). Additionally, they promote economic growth (Cooray, ), financial sector development (Aggarwal, et al., ), and capital accumulation (Senbeta, ); increase the propensity to save (Ziesemer, ), aggregate labour supply (Posso, ), domestic investment (Blouchoutzi and Nikas, ), tax revenues (Abdih et al., ), and life expectancy (Zhunio et al., ); improve primary and secondary school attendance (Zhunio et al., ); and maintain macroeconomic stability (Spatafora, ).…”