Do Remittances Have a Flip Side? A General Equilibrium Analysis of Remittances, Labor Supply Responses, and Policy Options for Jamaica

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dc.creatorBussolo, Maurizio
dc.creatorMedvedev, Denis
dc.date2012-06-05T18:53:17Z
dc.date2012-06-05T18:53:17Z
dc.date2007-03
dc.date.accessioned2026-07-01T01:22:48Z
dc.descriptionEconometric analysis has established a negative relationship between labor supply and remittances in Jamaica. The authors incorporate this ex-post evidence in a general equilibrium model to investigate economywide effects of increased remittance inflows. In this model, remittances reduce labor force participation by increasing the reservation wages of recipients. This exacerbates the real exchange rate appreciation, hurting Jamaica's export base and small manufacturing import-competing sector. Within the narrow margins of maneuver of a highly indebted government, the authors show that a revenue-neutral policy response of a simultaneous reduction in payroll taxes and increase in sales taxes can effectively counteract these potentially negative effects of remittances.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2007/03/7405821/remittances-flip-side-general-equilibrium-analysis-remittances-labor-supply-responses-policy-options-jamaica
dc.identifierhttps://hdl.handle.net/10986/7159
dc.identifierhttps://doi.org/10.1596/1813-9450-4143
dc.identifier.urihttp://hdl.handle.net/123456789/417558
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper; No. 4143
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectAGGREGATE EMPLOYMENT
dc.subjectAGGREGATE LEVEL
dc.subjectAGRICULTURE
dc.subjectAVERAGE ANNUAL GROWTH
dc.subjectAVERAGE WAGES
dc.subjectBARGAINING POWER
dc.subjectBARRIERS TO ENTRY
dc.subjectBENCHMARK
dc.subjectBLACK MARKET
dc.subjectBUDGET CONSTRAINTS
dc.subjectCHANGE IN LABOR SUPPLY
dc.subjectCOMMERCE
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMER PRICE
dc.subjectCONSUMER PRICE INFLATION
dc.subjectCONSUMERS
dc.subjectCONSUMPTION DEMAND
dc.subjectCONSUMPTION GOODS
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectDEBT
dc.subjectDEMAND FUNCTION
dc.subjectDEMAND FUNCTIONS
dc.subjectDISPOSABLE INCOME
dc.subjectDISTRIBUTION OF REMITTANCES
dc.subjectDOMESTIC MARKET
dc.subjectDOWNWARD PRESSURE
dc.subjectDYNAMIC ADJUSTMENT
dc.subjectECONOMETRIC ANALYSIS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PERFORMANCE
dc.subjectEFFECTS OF REMITTANCES
dc.subjectELASTICITY
dc.subjectEMPLOYEE
dc.subjectEMPLOYMENT LEVEL
dc.subjectEMPLOYMENT LIKELIHOOD
dc.subjectEQUILIBRIUM
dc.subjectEQUILIBRIUM LEVEL
dc.subjectEQUILIBRIUM PRICES
dc.subjectEVOLUTION OF REMITTANCES
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORTS
dc.subjectFACTOR DEMAND
dc.subjectFACTOR PRICES
dc.subjectFACTOR RETURNS
dc.subjectFEMALE FAMILY MEMBERS
dc.subjectFEMALE LABOR
dc.subjectFEMALE LABOR FORCE
dc.subjectFIRING COST
dc.subjectFIRING COSTS
dc.subjectFISCAL POLICY
dc.subjectFLOWS OF REMITTANCES
dc.subjectGDP
dc.subjectGENERAL EQUILIBRIUM ANALYSIS
dc.subjectGOVERNMENT EXPENDITURE
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHIGH UNEMPLOYMENT
dc.subjectHIGH UNEMPLOYMENT RATE
dc.subjectHIGH UNEMPLOYMENT RATES
dc.subjectHOUSEHOLD CONSUMPTION
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD SURVEYS
dc.subjectHUMAN CAPITAL
dc.subjectIMPACT OF REMITTANCES
dc.subjectIMPORTANCE OF REMITTANCES
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME EFFECT
dc.subjectINCOME ELASTICITIES
dc.subjectINCOME TAXES
dc.subjectINCOMES
dc.subjectINCREASE IN LABOR
dc.subjectINCREASE IN REMITTANCES
dc.subjectINDUSTRIAL RELATIONS
dc.subjectINFLATION
dc.subjectINFLATION RATES
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL REMITTANCE
dc.subjectINTERNATIONAL REMITTANCES
dc.subjectINTERNATIONAL TRADE
dc.subjectJOB MARKET
dc.subjectJOB OFFERS
dc.subjectJOB SECURITY
dc.subjectLABOR COSTS
dc.subjectLABOR DEMAND
dc.subjectLABOR FORCE
dc.subjectLABOR FORCE PARTICIPATION
dc.subjectLABOR MARKET
dc.subjectLABOR MARKET PERFORMANCE
dc.subjectLABOR MARKET REGULATIONS
dc.subjectLABOR MARKET RIGIDITY
dc.subjectLABOR MARKETS
dc.subjectLABOR SUPPLY
dc.subjectLABOR UNION
dc.subjectLABOR UNIONS
dc.subjectMACROECONOMIC EFFECTS
dc.subjectMACROECONOMIC RESULTS
dc.subjectMARKET CONDITIONS
dc.subjectMERCHANDISE
dc.subjectMERCHANDISE EXPORTS
dc.subjectMERCHANDISE IMPORTS
dc.subjectMIGRANTS
dc.subjectMINIMUM WAGE
dc.subjectMINIMUM WAGES
dc.subjectMONETARY POLICY
dc.subjectNON-WAGE COSTS
dc.subjectNORMAL GOOD
dc.subjectOPEN ECONOMY
dc.subjectOPPORTUNITY COST
dc.subjectPAYROLL TAX
dc.subjectPAYROLL TAXES
dc.subjectPRELIMINARY ANALYSIS
dc.subjectPRICE CHANGE
dc.subjectPRICE INCREASE
dc.subjectPRIVATE SERVICES
dc.subjectPRODUCER PRICES
dc.subjectPRODUCTION INCREASES
dc.subjectPROTECTIONISM
dc.subjectPUBLIC SECTOR EMPLOYMENT
dc.subjectPUBLIC SERVICES
dc.subjectREAL GDP
dc.subjectREAL WAGES
dc.subjectRECIPIENT COUNTRIES
dc.subjectRECIPIENT HOUSEHOLDS
dc.subjectRELATIVE PRICES
dc.subjectREMITTANCE
dc.subjectREMITTANCE FLOWS
dc.subjectREMITTANCE IMPACT
dc.subjectREMITTANCE INFLOWS
dc.subjectREMITTANCE RECEIPTS
dc.subjectREMITTANCES
dc.subjectSALES
dc.subjectSAVINGS
dc.subjectSERVICE SECTORS
dc.subjectSEVERANCE PAYMENTS
dc.subjectSMALL MANUFACTURING
dc.subjectSPREAD
dc.subjectSUBSTITUTION
dc.subjectSUBSTITUTION EFFECT
dc.subjectSUPPLY CURVE
dc.subjectSUPPLY EQUATION
dc.subjectSUPPLY FUNCTION
dc.subjectTAX REVENUES
dc.subjectTAXATION
dc.subjectTOTAL WAGE
dc.subjectTRADE BALANCE
dc.subjectTRANSFER MONEY
dc.subjectTRINIDAD AND TOBAGO
dc.subjectUNEMPLOYED
dc.subjectUNSKILLED LABOR
dc.subjectUNSKILLED WORKERS
dc.subjectUTILITY FUNCTION
dc.subjectVALUE ADDED
dc.subjectVOLATILITY
dc.subjectVOLUME OF REMITTANCES
dc.subjectWAGE GROWTH
dc.subjectWAGE RATE
dc.subjectWORKER
dc.subjectWORKERS
dc.subjectWORKING CONDITIONS
dc.titleDo Remittances Have a Flip Side? A General Equilibrium Analysis of Remittances, Labor Supply Responses, and Policy Options for Jamaica

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