Interest in learning how to make the most of the developmental benefits of remittance flows has grown worldwide, but few attempts have been made to summarize existing knowledge in a way that is easy to digest. Financing the Family adds to that body of knowledge with a summary of recent research that emphasizes experimental approaches, focuses on Central America, and analyzes the impact of the recent financial crisis. It finds that while remittances generate many benefits for both migrants and their families back home, the long-term effects of migration on social cohesion and child welfare demands further study.
This report is devoted to the social impact of the crisis and focuses on its effects on employment, nutrition, education, and poverty. It identifes the mechanisms by which the crisis can affect these critical social dimensions, and discusses possible policy responses given each country's circumstances, fiscal space and administrative capabilities. The social challenge generated by the crisis is no ... (View publication)
This report focuses on the region's macroeconomic performance in the context of an unusually sharp and rapid deterioration in external conditions. To assess policy options, the report develops a framework to identify the critical trade-offs faced by countries in the region, and evaluates these trade-offs under alternative, plausible, global economic scenarios. It identifies some of the macroeconom ... (View publication)
This paper explores the potential of financial education programs for kids. We conducted a randomized controlled trial to evaluate the impact of a large-scale pilot program carried out in 150 public high schools, in six regions in Peru. Although the treatment was only moderately intensive, the pilot program was extremely effective: students’ financial literacy improved by 0.14 standard deviation ... (View publication)
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