Migrant Remittances, Human Capital Formation and Job Creation Externalities in Colombia

Borradores de Economia
Number: 
370
Published: 
Classification JEL: 
F22, F36, O11, J69
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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In this paper we model the effect of migrant remittances on job creation and human capital formation, given migration prospects. Model calibration of deep parameters was performed with data from the AMCO survey on migration and remittances. The simulation