Financing the Family Remittances to Central America in a Time of Crisis [Hardcover]

Interest in learning how to make the most of the potential developmental benefits of remittance flows has grown worldwide. 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.1. Introduction; Gabriela Inchauste and Ernesto Stein 2. Migration, Remittances, and Economic Development: A Literature Review; Dean Yang 3. Enhancing the Impact of Remittances on Development: New Evidence from Experiments among Migrants from El Salvador; Dean Yang 4. US Migrant Employment and Remittances to Central America: A Cointegration Approach; Gabriela Inchauste, Cesar Liendo and Ernesto Stein 5. Remittances and Poverty in the Context of Economic Crisis: Honduras and El Salvador; Viviane Azevedo, Cesar P. Bouillon, and Marcos Robles 6. Trends in Economic Outcomes for Salvadoran Migrants and Their Remittance Recipients during the US Economic Crisis: Insights from the El Salvador Survey of Migrant Families; Diego Aycinena, Sebastian Calonico, Gabriela Inchauste, Claudia Martinez and Dean Yang

Migration and remittances have increasingly shaped the social and economic fabric of Central America over the past two decades, yet the phenomenon has not been sufficiently studied. The contribution of this volume to fill in many of the gaps in the existing literature and provide an in-depth understanding of the multiple variables behind migration-remittances can hardly be overstated. The volume not only provides a comprehensive and systematic examination of several issues related to the phenomenon but it also includes pioneering work on the explanation of the behavior of both migrants and households receiving remittances, the impact of the recent U.S. crisis on these flows to Central America and some policy implications to increase the potential contribution of remittances for development. This is imperative reading for anybody interestl“*