Migration as a Safety Net and Effects of Remittances on Household Consumption: The Case of Colombia

Borradores de Economia
Number: 
414
Published: 
Classification JEL: 
F22, I31, P36
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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We assess whether international remittances affect Colombian household's expenditure composition and demand of education. We exploit the migratory wave that took place on late 90s due to one of the deepest crises in Colombian history, along with instituti