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Longitudinal evidence on financial expectations in Albania: Do remittances matter?

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Author Info

  • Laetitia Duval

    (GERCIE - Groupe d'Etudes et de Recherche sur la Coopération Internationale et Européenne - Université François Rabelais - Tours)

  • François-Charles Wolff

    (INED - Institut National d'Etudes Démographiques Paris - INED, LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - Université de Nantes : EA4272)

Abstract

This paper focuses on the role of remittances on financial expectations in Albania using longitudinal data covering the period 2002-2004. To study the dynamics of income satisfaction at the household level, we use subjective data on past, current and future financial situations and estimate random and fixed effect ordered Probit models. We find that households are more optimistic about the future when they have experienced an improvement in their financial situation in the past and when they have received private transfers from foreign countries.

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File URL: http://hal.archives-ouvertes.fr/docs/00/54/62/96/PDF/LEMNA_WP_201031.pdf
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Bibliographic Info

Paper provided by HAL in its series Working Papers with number hal-00546296.

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Date of creation: 14 Dec 2010
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Handle: RePEc:hal:wpaper:hal-00546296

Note: View the original document on HAL open archive server: http://hal.archives-ouvertes.fr/hal-00546296/en/
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Related research

Keywords: Albania; Income expectations: Longitudinal data; Remittances;

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  1. Hendrik P. van Dalen & George Groenewold & Tineke Fokkema, 2005. "Remittances and their Effect on Emigration Intentions in Egypt, Morocco and Turkey," Tinbergen Institute Discussion Papers 05-030/1, Tinbergen Institute.
  2. Ada Ferrer-i-Carbonell & Paul Frijters, 2004. "How Important is Methodology for the estimates of the determinants of Happiness?," Economic Journal, Royal Economic Society, vol. 114(497), pages 641-659, 07.
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