International Migration, Human Capital, and Entrepreneurship : Evidence from Philippine Migrants' Exchange Rate Shocks

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dc.creatorYang, Dean
dc.date2012-06-19T19:46:33Z
dc.date2012-06-19T19:46:33Z
dc.date2005-04
dc.date.accessioned2026-07-01T01:31:13Z
dc.descriptionMillions of households in developing countries receive financial support from family members working overseas. How do the economic prospects of overseas migrants affect origin-household investments-in particular, in child human capital and household enterprises? Yang examines Philippine households' responses to overseas members' economic shocks. Overseas Filipinos work in dozens of foreign countries which experienced sudden (and heterogeneous) changes in exchange rates due to the 1997 Asian financial crisis. Appreciation of a migrant's currency against the Philippine peso leads to increases in household remittances received from overseas. The estimated elasticity of Philippine peso remittances with respect to the Philippine/foreign exchange rate is 0.60. In addition, these positive income shocks lead to enhanced human capital accumulation and entrepreneurship in origin households. Favorable migrant shocks lead to greater child schooling, reduced child labor, and increased educational expenditure in origin households. More favorable exchange rate shocks also raise hours worked in self-employment and lead to greater entry into relatively capital-intensive enterprises by migrants' origin households.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2005/04/6570284/international-migration-human-capital-entrepreneurship-evidence-philippine-migrants-exchange-rate-shocks
dc.identifierhttps://hdl.handle.net/10986/8469
dc.identifierhttps://doi.org/10.1596/1813-9450-3578
dc.identifier.urihttp://hdl.handle.net/123456789/418851
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper; No. 3578
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectAGRICULTURE
dc.subjectCAPITA INCOME
dc.subjectCHILD SCHOOLING
dc.subjectCLUSTERS
dc.subjectCOMPENSATION OF EMPLOYEES
dc.subjectCREDIT CONSTRAINTS
dc.subjectDEVALUATION
dc.subjectDURABLE GOOD
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC MODELS
dc.subjectELASTICITY
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE CHANGES
dc.subjectEXCHANGE RATES
dc.subjectFAMILY INCOME
dc.subjectFINANCIAL CRISIS
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN CURRENCY EARNINGS
dc.subjectGEOGRAPHIC DISPERSION
dc.subjectHOUSEHOLD CHARACTERISTICS
dc.subjectHOUSEHOLD HEAD
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD MEMBER
dc.subjectHOUSEHOLD MEMBERS
dc.subjectHOUSEHOLD SIZE
dc.subjectHOUSEHOLD SURVEY
dc.subjectHOUSEHOLD SURVEYS
dc.subjectHUMAN CAPITAL
dc.subjectIMPORTANCE OF REMITTANCES
dc.subjectINCOME
dc.subjectINCOME LEVELS
dc.subjectINCOME SHOCK
dc.subjectINCOME SOURCES
dc.subjectINCOMES
dc.subjectINCREASE IN REMITTANCES
dc.subjectINTERNATIONAL MIGRATION
dc.subjectLIFETIME INCOME
dc.subjectLIQUIDITY
dc.subjectMIGRANT SAVINGS
dc.subjectMIGRANTS
dc.subjectMILLION PEOPLE
dc.subjectNORMAL GOOD
dc.subjectOVERSEAS MIGRANTS
dc.subjectPER CAPITA INCOME
dc.subjectPERMANENT INCOME
dc.subjectPESOS
dc.subjectPHILIPPINE PESOS
dc.subjectPOSITIVE INCOME
dc.subjectPRODUCTIVE ASSETS
dc.subjectPUBLIC POLICY
dc.subjectREAL GDP
dc.subjectREGRESSION ANALYSIS
dc.subjectREMITTANCE
dc.subjectREMITTANCE RECEIPTS
dc.subjectREMITTANCES
dc.subjectREPRESENTATIVE SAMPLE
dc.subjectSMALL BUSINESS
dc.subjectSMALL BUSINESS OWNERSHIP
dc.subjectSTANDARD ERRORS
dc.subjectSURVEY DATA
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectWAGE RATES
dc.subjectWAGES
dc.subjectWEIGHTED AVERAGE
dc.titleInternational Migration, Human Capital, and Entrepreneurship : Evidence from Philippine Migrants' Exchange Rate Shocks

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