This paper evaluates the welfare impact of observed levels of migration and remittances in both origins and … Jamaica or El Salvador – are also better off due to migration, but for a different reason: remittances. The quantitative …

of the world economy calibrated to aggregate and firm-level data. Our framework features cross-country labor productivity … differences, international trade, remittances, and a heterogeneous workforce. We compare welfare under the observed levels of … flows - such as Jamaica or El Salvador - are also better off due to migration, but for a different reason: remittances. The …

This paper evaluates the welfare impact of observed levels of migration and remittances in both origins and … Jamaica or El Salvador - are also better off due to migration, but for a different reason: remittances. The quantitative … countries and about 10% for the main sending countries. -- migration ; remittances ; international trade ; welfare …

of the world economy calibrated to aggregate and firm-level data. Our framework features cross-country labor productivity … differences, international trade, remittances, and a heterogeneous workforce. We compare welfare under the observed levels of … flows - such as Jamaica or El Salvador - are also better off due to migration, but for a different reason: remittances. The …

improves left-behinds' welfare through two different channels: (i) migrants' remittances exceed their forgone income …

sending and receiving countries. In a calibrated multi-country model, we compare the current world to a counterfactual with … that more – not less – high-skilled migration would increase world welfare …