Journal Article

Does altruism matter for remittances?

Alexis Antoniades, Ganesh Seshan, Roberto Weber and Robertas Zubrickas

in Oxford Economic Papers

Volume 70, issue 1, pages 225-242
Published in print January 2018 | ISSN: 0030-7653
Published online August 2017 | e-ISSN: 1464-3812 | DOI: https://dx.doi.org/10.1093/oep/gpx035
Does altruism matter for remittances?

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Abstract

We provide a direct test of the impact of altruism on remittances. From a sample of Indian migrant workers in Qatar, we elicit the propensity to share with others from their responses in a dictator game and use it as a proxy for altruism. For the entire sample, we find that altruism does not seem to matter. However, we document a strong positive relationship between altruism and remittances for a subset of migrants with a loan obligation, whereas indirect tests of altruism, typically used in the literature, would fail to establish this relationship. We explain the role of loan obligations with a standard remittance model extended with reference-dependent preferences.

Keywords: O12; O15; D81

Journal Article.  7468 words.  Illustrated.

Subjects: Economic Development ; Information, Knowledge, and Uncertainy

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