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 compares the saving behavior of formal and informal workers and additionally provides a socioeconomic and financial characterization of informal workers in Chile. The paper uses the Financial Household Survey conducted by the Central Bank of Chile in 2007, 2008, 2009 and 2010, which covers between 1,740 and 2,533 urban households, performing both OLS and probit regressions. The cro ... (View publication)
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