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The Role of Altruism in Sending and Spending Remittances

Author

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  • Shimada, Akira

    (Nagasaki University)

Abstract

We investigate the effects of altruism on migrants' decisions to send money home and on their households' decisions to invest or to consume those remittances. Previous studies have devoted extensive attention to migrants' altruism toward recipients and little to recipients' altruism toward migrants. We find that the migrant sends larger remittances home when he feels more altruistic toward other household members, while he may send nothing if he feels less altruistic. We also find that other household members in the home country likely consume rather than invest remittances if they are highly altruistic toward the migrant. Our results may partially explain why countries receiving large remittances do not always make large investments, and suggest that altruism among household members does not necessarily enhance a country's development and growth through remittances.

Suggested Citation

  • Shimada, Akira, 2011. "The Role of Altruism in Sending and Spending Remittances," East Asian Economic Review, Korea Institute for International Economic Policy, vol. 15(2), pages 61-82, June.
    • Handle: RePEc:ris:eaerev:0092
    DOI: 10.11644/KIEP.JEAI.2011.15.2.230
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    Cited by:

    1. Aaron Levi Garavito-Acosta & Maria Mercedes Collazos-Gaitan & Manuel Dario Hernandez-Bejarano & Enrique Montes-Uribe, 2019. "Migración internacional y determinantes de las remesas de trabajadores en Colombia," Borradores de Economia 1066, Banco de la Republica de Colombia.
    2. Alessio Ciarlone, 2023. "Remittances in times of crisis: evidence from Italian corridors," Temi di discussione (Economic working papers) 1402, Bank of Italy, Economic Research and International Relations Area.

    More about this item

    Keywords

    Migration; Altruism; Remittances; Consumption; Investment;
    All these keywords.

    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers

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