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Microeconomic determinants of migrant remittances to Nigerian households

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  • Nwosu O. Emmanuel

    ()
    (Centre for Demographic and Allied Research, Department of Economics, University of Nigeria, Nsukka)

  • Fonta M. William

    ()
    (United Nations University Institute for Natural Resources in Africa (UNU-INRA))

  • Aneke Gladys

    ()
    (Head, Department of Economics, University of Nigeria, Nsukka)

  • Yuni N. Denis

    ()
    (Centre for Demographic and Allied Research, Department of Economics, University of Nigeria, Nsukka)

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    Abstract

    This study analyses the determinants of both the decision to remit money and the total remittances by Nigerian migrants. The study distinguishes itself from other existing migration studies in Nigeria by focusing on the microeconomic determinants of remittances from both the sending and receiving end. A recent and richer remittances survey data for Nigeria by the World Bank is used to extend the analysis to both internal and international migration. Tobit and Heckit's models were used in the analyses. The empirical findings indicate that duration of the migrant in the country of residence, household asset, household size, living in OECD, highest level of education attained before migration, being male, being a son, daughter or father to the head of the household, and type of employment have statistically significant positive impact on both the probability of remitting and the amount of remittances sent by the migrant to the household. These findings vary significantly by the country of current residence of the migrants. All these suggest that the future inflow of remittances to Nigeria would largely depend on the migrant country of destination, level of education prior to migration, and the type of work done by the migrants in the country of current residence. The work situation of the migrant may in turn depend on the macroeconomic conditions in the country of residence.

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    Bibliographic Info

    Article provided by AccessEcon in its journal Economics Bulletin.

    Volume (Year): 32 (2012)
    Issue (Month): 4 ()
    Pages: 3425-3438

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    Handle: RePEc:ebl:ecbull:eb-12-00711

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    Related research

    Keywords: Remittances; migration; microeconomic determinants; Tobit and Heckman's Estimators.;

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    References

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    1. El-Sakka, M. I. T. & McNabb, Robert, 1999. "The Macroeconomic Determinants of Emigrant Remittances," World Development, Elsevier, vol. 27(8), pages 1493-1502, August.
    2. Carlos Vargas-Silva & Peng Huang, 2006. "Macroeconomic determinantsof workers' remittances: Hostversus home country's economic conditions," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 15(1), pages 81-99.
    3. James J. Heckman, 1976. "The Common Structure of Statistical Models of Truncation, Sample Selection and Limited Dependent Variables and a Simple Estimator for Such Models," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 4, pages 475-492 National Bureau of Economic Research, Inc.
    4. Bettin, Giulia & Lucchetti, Riccardo & Zazzaro, Alberto, 2012. "Financial development and remittances: Micro-econometric evidence," Economics Letters, Elsevier, vol. 115(2), pages 184-186.
    5. Osili, Una Okonkwo, 2004. "Migrants and Housing Investments: Theory and Evidence from Nigeria," Economic Development and Cultural Change, University of Chicago Press, vol. 52(4), pages 821-49, July.
    6. Jørgen Carling, 2008. "The determinants of migrant remittances," Oxford Review of Economic Policy, Oxford University Press, vol. 24(3), pages 582-599, Autumn.
    7. Schiopu, Ioana & Siegfried, Nikolaus, 2006. "Determinants of workers’ remittances: evidence from the European Neighbouring Region," Working Paper Series 0688, European Central Bank.
    8. Agarwal, Reena & Horowitz, Andrew W., 2002. "Are International Remittances Altruism or Insurance? Evidence from Guyana Using Multiple-Migrant Households," World Development, Elsevier, vol. 30(11), pages 2033-2044, November.
    9. Catalina Amuedo-Dorantes & Susan Pozo, 2006. "Remittances as insurance: evidence from Mexican immigrants," Journal of Population Economics, Springer, vol. 19(2), pages 227-254, June.
    10. Lucas, Robert E B & Stark, Oded, 1985. "Motivations to Remit: Evidence from Botswana," Journal of Political Economy, University of Chicago Press, vol. 93(5), pages 901-18, October.
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