Many policy interventions combine several features that we think may all potentially be key for the results we are trying to achieve. For example, conditional cash transfers typically combine giving cash to the household, some message about the importance of health and education, some condition that requires the household to go to health clinics or kids to attend schools, and details such as who receives the cash (mother or father), how they receive it (directly paid to bank accounts or paid in cash), and the frequency of receipt.
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).