Migration as a Strategy for Household Finance: A Research Agenda on Remittances, Payments, and Development

41 Pages Posted: 22 Jun 2014

See all articles by Michael A. Clemens

Michael A. Clemens

Center for Global Development; IZA-Institute for the Study of Labor

Timothy Ogden

New York University (NYU) - Robert F. Wagner Graduate School of Public Service

Date Written: February 20, 2014

Abstract

It is time to fundamentally reframe the research agenda on remittances, payments, and development. We describe many of the research questions that now dominate the literature and why they lead us to uninformative answers. We propose reasons why these questions dominate, the most important of which is that researchers tend to view remittances as states do (as windfall income) rather than as families do (as returns on investment). Migration is, among other things, a strategy for financial management in poor households: location is an asset, migration an investment. This shift of perspective leads to much more fruitful research questions that have been relatively neglected. We suggest 12 such questions.

Keywords: migration, finance, global development

JEL Classification: F24, F30, E42, O16

Suggested Citation

Clemens, Michael Andrew and Ogden, Timothy, Migration as a Strategy for Household Finance: A Research Agenda on Remittances, Payments, and Development (February 20, 2014). Center for Global Development Working Paper No. 354; NYU Wagner Research Paper No. 2457148. Available at SSRN: https://ssrn.com/abstract=2457148 or http://dx.doi.org/10.2139/ssrn.2457148

Michael Andrew Clemens (Contact Author)

Center for Global Development ( email )

2055 L St. NW
5th floor
Washington, DC 20036
United States

IZA-Institute for the Study of Labor ( email )

HOME PAGE: http://www.iza.org/profile?key=4270

Timothy Ogden

New York University (NYU) - Robert F. Wagner Graduate School of Public Service ( email )

The Puck Building
295 Lafayette Street, Second Floor
New York, NY 10012
United States

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