Do Remittances Have A Flip Side ?: A General Equilibrium Analysis of Remittances, Labor Supply Responses, And Policy Options For Jamaica
Econometric 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...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2007
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| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | Econometric 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 |
| Beschreibung: | 1 Online-Ressource (29 Seiten)) |
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| spelling | Bussolo, Maurizio Verfasser aut Do Remittances Have A Flip Side ? A General Equilibrium Analysis of Remittances, Labor Supply Responses, And Policy Options For Jamaica Bussolo, Maurizio Washington, D.C The World Bank 2007 1 Online-Ressource (29 Seiten)) txt rdacontent c rdamedia cr rdacarrier Econometric 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 Online-Ausg Currencies and Exchange Rates Debt Markets Economic Growth Economic Theory and Research Effects Emerging Markets Finance and Financial Sector Development Financial Literacy General Equilibrium High Unemployment Information Investment Labor Labor Costs Labor Demand Labor Force Labor Force Participation Labor Markets Labor Policies Macroeconomics and Economic Growth Private Sector Development Social Protections and Labor Medvedev, Denis Sonstige oth Bussolo, Maurizio Sonstige oth Bussolo, Maurizio Do Remittances Have A Flip Side ? http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4143 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Bussolo, Maurizio Do Remittances Have A Flip Side ? A General Equilibrium Analysis of Remittances, Labor Supply Responses, And Policy Options For Jamaica Currencies and Exchange Rates Debt Markets Economic Growth Economic Theory and Research Effects Emerging Markets Finance and Financial Sector Development Financial Literacy General Equilibrium High Unemployment Information Investment Labor Labor Costs Labor Demand Labor Force Labor Force Participation Labor Markets Labor Policies Macroeconomics and Economic Growth Private Sector Development Social Protections and Labor |
| title | Do Remittances Have A Flip Side ? A General Equilibrium Analysis of Remittances, Labor Supply Responses, And Policy Options For Jamaica |
| title_auth | Do Remittances Have A Flip Side ? A General Equilibrium Analysis of Remittances, Labor Supply Responses, And Policy Options For Jamaica |
| title_exact_search | Do Remittances Have A Flip Side ? A General Equilibrium Analysis of Remittances, Labor Supply Responses, And Policy Options For Jamaica |
| title_exact_search_txtP | Do Remittances Have A Flip Side ? A General Equilibrium Analysis of Remittances, Labor Supply Responses, And Policy Options For Jamaica |
| title_full | Do Remittances Have A Flip Side ? A General Equilibrium Analysis of Remittances, Labor Supply Responses, And Policy Options For Jamaica Bussolo, Maurizio |
| title_fullStr | Do Remittances Have A Flip Side ? A General Equilibrium Analysis of Remittances, Labor Supply Responses, And Policy Options For Jamaica Bussolo, Maurizio |
| title_full_unstemmed | Do Remittances Have A Flip Side ? A General Equilibrium Analysis of Remittances, Labor Supply Responses, And Policy Options For Jamaica Bussolo, Maurizio |
| title_short | Do Remittances Have A Flip Side ? |
| title_sort | do remittances have a flip side a general equilibrium analysis of remittances labor supply responses and policy options for jamaica |
| title_sub | A General Equilibrium Analysis of Remittances, Labor Supply Responses, And Policy Options For Jamaica |
| topic | Currencies and Exchange Rates Debt Markets Economic Growth Economic Theory and Research Effects Emerging Markets Finance and Financial Sector Development Financial Literacy General Equilibrium High Unemployment Information Investment Labor Labor Costs Labor Demand Labor Force Labor Force Participation Labor Markets Labor Policies Macroeconomics and Economic Growth Private Sector Development Social Protections and Labor |
| topic_facet | Currencies and Exchange Rates Debt Markets Economic Growth Economic Theory and Research Effects Emerging Markets Finance and Financial Sector Development Financial Literacy General Equilibrium High Unemployment Information Investment Labor Labor Costs Labor Demand Labor Force Labor Force Participation Labor Markets Labor Policies Macroeconomics and Economic Growth Private Sector Development Social Protections and Labor |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4143 |
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