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David McKenzie's blog

Almost 80 percent of the growth in remittances to developing countries over the past 20 years is an illusion

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Remittances sent by migrant workers to developing countries have soared in the past two decades. According to the World Development Indicators, workers’ remittances to developing countries were just US$47 billion in 1980 (in constant 2011 dollars). After barely rising by 1990 ($49 billion), they doubled by 2000 ($102 billion), and from there, tripled by 2010 ($321 billion).

How stable are time preferences? Mixed evidence from two new studies

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The discount rate used by individuals to trade off utility in the future against utility today is a fundamental parameter of decision theory. It is typically elicited in surveys by asking individuals to make choices between receiving an amount today, and a different amount at some point in the future. There are lots of key design issues involved in doing this (e.g.

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