단행본Research Department Working Paper 30
Are remittances good for labor markets in LICs, MICs and Fragile States?
- 청구기호
- RDWP 30
- 발행사항
- Geneva : ILO, 2018
- 형태사항
- 46 p. :. PDF file ;. 591 KB
- 분류기호
- 듀이십진분류법->RDWP
소장정보
위치 | 등록번호 | 청구기호 / 출력 | 상태 | 반납예정일 |
---|---|---|---|---|
이용 가능 (1) | ||||
E0003089 | 대출가능 | - |
이용 가능 (1)
- 등록번호
- E0003089
- 상태/반납예정일
- 대출가능
- -
- 위치/청구기호(출력)
책 소개
We present cross-country evidence on the impact of remittances on labor market outcomes. Remittances appear to have a strong impact on both labor supply and labor demand in recipient countries. These effects are highly significant and greater in size than those of foreign direct investment or official development aid. On the supply side, remittances reduce labor force participation and increase informality of the labor market. In addition, male and female labor supply show significantly different sensitivities to remittances. On the demand side, remittances reduce overall unemployment but benefit mostly lower-wage, lower-productivity nontradables industries at the expense of high-productivity, high-wage tradables sectors. As a consequence, even though inequality declines as a result of larger remittances, average wage and productivity growth declines, the latter more strongly than the former leading to an increase in the labor income share. In fragile states, in contrast, remittances impose a positive externality, possibly because the tradables sector tends to be underdeveloped. Our findings indicate that reforms to foster inclusive growth need to take into account the role of remittances in order to be successful.