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2010, vol. 7, iss. 1, pp. 247-262
The microeconomics of migrants' remittances
Megatrend University, Faculty of International Economics, Belgrade

emailbpelevic@megatrend.edu.rs
Keywords: remittances; migration; income distribution; private transfers
Abstract
Migrants' remittances represent a fundamental source of external financing for less developed countries. This paper analyzes the motives that drive migrants to transfer a part of their income to their families back home. Besides altruism, other individual motives are also analyzed, such as pure self-interest, exchange, strategic motive and inheritance. Other motives that form a part of familial arrangements are also reviewed, such as coinsurance and loan repayment. The determinants of variously motivated remittances also vary, which is especially important when predicting their future dynamics. Thus, a good knowledge of the microeconomics of remittances is also of particular importance in determining their macroeconomic implications.
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article language: Serbian, English
document type: Original Scientific Paper
published in SCIndeks: 04/08/2010

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