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The shadow value of migrant remittances, income and inequality in a household‐farm economy

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  • J. Taylor
  • T.J. Wyatt
Abstract
This article offers econometric evidence that income remittances sent home by family migrants stimulate household‐farm incomes indirectly by relieving credit and risk constraints on household‐farm production. A high but unequally distributed shadow value of migrant remittances appears to reinforce an equalising direct effect of remittances on the income distribution across a sample of household‐farms in rural Mexico.

Suggested Citation

  • J. Taylor & T.J. Wyatt, 1996. "The shadow value of migrant remittances, income and inequality in a household‐farm economy," Journal of Development Studies, Taylor & Francis Journals, vol. 32(6), pages 899-912.
    • Handle: RePEc:taf:jdevst:v:32:y:1996:i:6:p:899-912
    DOI: 10.1080/00220389608422445
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    References listed on IDEAS

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    1. Taylor, J. Edward, 1992. "Remittances and inequality reconsidered: Direct, indirect, and intertemporal effects," Journal of Policy Modeling, Elsevier, vol. 14(2), pages 187-208, April.
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    5. Russell, S.S. & Teitelbaum, M.S., 1992. "International Migration and International Trade," World Bank - Discussion Papers 160, World Bank.
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    7. Amemiya, Takeshi, 1974. "Multivariate Regression and Simultaneous Equation Models when the Dependent Variables Are Truncated Normal," Econometrica, Econometric Society, vol. 42(6), pages 999-1012, November.
    8. Lau, Lawrence J & Lin, Wuu-Long & Yotopoulos, Pan A, 1978. "The Linear Logarithmic Expenditure System: An Application to Consumption-Leisure Choice," Econometrica, Econometric Society, vol. 46(4), pages 843-868, July.
    9. Stark, Oded & Levhari, David, 1982. "On Migration and Risk in LDCs," Economic Development and Cultural Change, University of Chicago Press, vol. 31(1), pages 191-196, October.
    10. Stark, Oded, 1982. "Research on rural-to-urban migration in LDCs: The confusion frontier and why we should pause to rethink afresh," World Development, Elsevier, vol. 10(1), pages 63-70, January.
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