Paper Review : Dean Yang's paper, "Migrant Remittances”
By: Praju Panta Introduction 1.1. Dean Yang's paper, "Migrant Remittances," delves into the economic importance of remittances in developing countries. As an Associate Professor of Public Policy and Economics at the Gerald R. Ford School of Public Policy, University of Michigan, and an affiliate of BREAD and NBER, Yang brings significant expertise to this study. The paper investigates the dynamics of remittances sent by international migrants to their home countries, starting with the scale of these financial flows and then examining their economic impacts on recipient households and governments. Remittances, which are household incomes received from abroad, primarily result from worker migration. These transfers can be in the form of cash or goods and are sent through formal or informal channels. Formal channels include money transfer services like Western Union and MoneyGram, which have extensive agent networks for sending and receiving remittances. Banks and credit un...