Financing the family : remittances to Central America in a time of crisis / Gabriela Inchauste and Ernesto Stein, editors.

Format:

Book

Contributor:

Inchauste, Gabriela.

Stein, Ernesto.

Language:

English

Subjects (All):

Emigrant remittances--Central America.

Emigrant remittances.

Poverty--Central America.

Poverty.

Families--Economic aspects--Central America.

Families.

Economic development--Central America.

Economic development.

Financial crises--Central America.

Financial crises.

Families--Economic aspects.

Central America.

Physical Description:

xx, 191 pages : illustrations ; 25 cm

Edition:

First edition.

Place of Publication:

New York : Palgrave Macmillan, 2013.

Summary:

Interest in learning how to make the most of the potential 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. The book also explores how to enhance the development impact of remittances through innovative financial instruments that give migrants greater control over the money they send home. Finally, the book exposes the vulnerability of Central American countries to a weaker U.S. economy. It demonstrates how focusing on the sectors and states where migrants are concentrated can allow for better policy responses in the face of economic downturns. Book jacket.

Contents:

1 Remittances to Central America: A Link Back Home 1

2 Migration, Remittances, and Economic Development: A Literature Review 19

3 Enhancing the Impact of Remittances on Development: New Evidence from Experiments among Migrants from El Salvador 47

4 US Migrant Employment and Remittances to Central America: A Cointegration Approach 71

5 Remittances and Poverty during an Economic Crisis: Honduras and El Salvador 113

6 Measuring the Impact of the US Financial Crisis on Salvadoran Migrants and Family Remittances 143.

Notes:

Includes bibliographical references and index.

ISBN:

9781137338389

1137338385

9781137338396

1137338393

OCLC:

828056126