Split Decisions : Family Finance When a Policy Discontinuity Allocates
Labor markets are increasingly global. Overseas work can enrich households but also split them geographically, with ambiguous net effects on decisions about work, investment, and education. These net effects, and their mechanisms, are poorly unders...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2012/12/17043015/split-decisions-family-finance-policy-discontinuity-allocates-overseas-work http://hdl.handle.net/10986/12181 |
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okr-10986-121812021-04-23T14:03:05Z Split Decisions : Family Finance When a Policy Discontinuity Allocates Clemens, Michael A. Tiongson, Erwin R. ACCESS TO CAPITAL ACCESS TO FINANCE ACCOUNTING ADOLESCENTS AGRICULTURAL ACTIVITY AGRICULTURAL PRODUCTION AGRICULTURAL SECTORS AGRICULTURE ALLOCATION OF RESOURCES BANKS BORROWING BRIBES CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL MARKET CAPITAL MARKETS CHILD DEVELOPMENT CHILD HEALTH CHILD LABOR CONSTRAINTS ON INVESTMENTS CONSUMER PRICE INDEX CORRUPTION CREDIT ACCESS CREDIT CONSTRAINTS CREDITS DECISION MAKING DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISSEMINATION DIVORCE DURABLE GOODS EARLY CHILDHOOD EARNINGS ECONOMETRICS ECONOMIC ANALYSIS ECONOMIC RESEARCH ECONOMICS ECONOMICS RESEARCH EDUCATION LEVELS EDUCATION SPENDING EDUCATIONAL ATTAINMENT ELDERLY EMPLOYERS EMPLOYMENT EMPOWERMENT ENROLLMENT ENTREPRENEURIAL ACTIVITIES ENTREPRENEURIAL ACTIVITY ENTREPRENEURS EXCHANGE RATE EXPENDITURE EXPENDITURES FAMILIES FAMILY BUSINESS FAMILY COMPOSITION FAMILY FINANCE FAMILY INCOME FAMILY MEMBERS FAMILY STRUCTURE FINANCIAL SERVICES GENDER GLOBAL DEVELOPMENT HEAD OF HOUSEHOLD HEALTH FACILITIES HOME IMPROVEMENT HOUSEHOLD FINANCE HOUSEHOLD INCOME HOUSEHOLD INVESTMENT HOUSEHOLD INVESTMENTS HOUSEHOLD LEVEL HOUSEHOLD SIZE HOUSEHOLDS HUMAN CAPITAL IMPACT OF MIGRATION INCOME MEASURES INCOME TAX INCOME TAX CREDIT INFORMATION ON INVESTMENT INTERNATIONAL BANK INTERNATIONAL MIGRATION INTERNATIONAL MIGRATION REVIEW INVESTMENT DECISIONS LABOR ECONOMICS LABOR FORCE LABOR FORCE PARTICIPATION LABOR FORCE SURVEY LABOR MARKET LABOR MARKETS LABOR MIGRATION LABOR RELATIONS LABOR SUPPLY LABOUR LABOUR MARKET LABOUR SUPPLY LIQUIDITY LIVING STANDARDS LOTTERY MEDICAL CARE MICROFINANCE MIGRANT MIGRANT LABOR MIGRANT REMITTANCES MIGRANTS MIGRATION MOTHER MUTUAL FUND NATIONAL GOVERNMENT NATIONAL POPULATION NEW BUSINESS NUMBER OF PEOPLE OLD AGE OPTIMIZATION PERMANENT INCOME PERSONALITY PHYSICAL CAPITAL POLICY DISCUSSIONS POLICY RESEARCH POLICY RESEARCH WORKING PAPER POLITICAL ECONOMY POSITIVE EFFECTS PRODUCTION PROCESS PRODUCTIVITY PSYCHOLOGY QUALITY OF LIFE RECREATION REMITTANCE REMITTANCE MECHANISM REMITTANCES RESPECT RETURN MIGRATION ROLE OF GENDER RURAL AREAS SAVINGS SAVINGS PRODUCT SECONDARY SCHOOL SEX SIBLINGS SMALL ENTERPRISES SOCIAL NETWORKS SOCIAL SCIENCE SPOUSE SPOUSES TEMPORARY MIGRATION TRANSPORTATION UNEMPLOYED VILLAGE WAGES WAR WEALTH WORK EXPERIENCE WORKERS YOUNG CHILDREN Labor markets are increasingly global. Overseas work can enrich households but also split them geographically, with ambiguous net effects on decisions about work, investment, and education. These net effects, and their mechanisms, are poorly understood. This study investigates a policy discontinuity in the Philippines that resulted in quasi-random assignment of temporary, partial-household migration to high-wage jobs in Korea. This allows unusually reliable measurement of the reduced-form effect of these overseas jobs on migrant households. A purpose-built survey allows nonexperimental tests of different theoretical mechanisms for the reduced-form effect. The study also explores how reliably the reduced-form effect could be measured with standard observational estimators. It finds large effects on spending, borrowing, and human capital investment, but no effects on saving or entrepreneurship. Remittances appear to overwhelm household splitting as a causal mechanism. 2013-01-28T22:39:08Z 2013-01-28T22:39:08Z 2012-12 http://documents.worldbank.org/curated/en/2012/12/17043015/split-decisions-family-finance-policy-discontinuity-allocates-overseas-work http://hdl.handle.net/10986/12181 English en_US Policy Research Working Paper; No. 6287 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO CAPITAL ACCESS TO FINANCE ACCOUNTING ADOLESCENTS AGRICULTURAL ACTIVITY AGRICULTURAL PRODUCTION AGRICULTURAL SECTORS AGRICULTURE ALLOCATION OF RESOURCES BANKS BORROWING BRIBES CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL MARKET CAPITAL MARKETS CHILD DEVELOPMENT CHILD HEALTH CHILD LABOR CONSTRAINTS ON INVESTMENTS CONSUMER PRICE INDEX CORRUPTION CREDIT ACCESS CREDIT CONSTRAINTS CREDITS DECISION MAKING DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISSEMINATION DIVORCE DURABLE GOODS EARLY CHILDHOOD EARNINGS ECONOMETRICS ECONOMIC ANALYSIS ECONOMIC RESEARCH ECONOMICS ECONOMICS RESEARCH EDUCATION LEVELS EDUCATION SPENDING EDUCATIONAL ATTAINMENT ELDERLY EMPLOYERS EMPLOYMENT EMPOWERMENT ENROLLMENT ENTREPRENEURIAL ACTIVITIES ENTREPRENEURIAL ACTIVITY ENTREPRENEURS EXCHANGE RATE EXPENDITURE EXPENDITURES FAMILIES FAMILY BUSINESS FAMILY COMPOSITION FAMILY FINANCE FAMILY INCOME FAMILY MEMBERS FAMILY STRUCTURE FINANCIAL SERVICES GENDER GLOBAL DEVELOPMENT HEAD OF HOUSEHOLD HEALTH FACILITIES HOME IMPROVEMENT HOUSEHOLD FINANCE HOUSEHOLD INCOME HOUSEHOLD INVESTMENT HOUSEHOLD INVESTMENTS HOUSEHOLD LEVEL HOUSEHOLD SIZE HOUSEHOLDS HUMAN CAPITAL IMPACT OF MIGRATION INCOME MEASURES INCOME TAX INCOME TAX CREDIT INFORMATION ON INVESTMENT INTERNATIONAL BANK INTERNATIONAL MIGRATION INTERNATIONAL MIGRATION REVIEW INVESTMENT DECISIONS LABOR ECONOMICS LABOR FORCE LABOR FORCE PARTICIPATION LABOR FORCE SURVEY LABOR MARKET LABOR MARKETS LABOR MIGRATION LABOR RELATIONS LABOR SUPPLY LABOUR LABOUR MARKET LABOUR SUPPLY LIQUIDITY LIVING STANDARDS LOTTERY MEDICAL CARE MICROFINANCE MIGRANT MIGRANT LABOR MIGRANT REMITTANCES MIGRANTS MIGRATION MOTHER MUTUAL FUND NATIONAL GOVERNMENT NATIONAL POPULATION NEW BUSINESS NUMBER OF PEOPLE OLD AGE OPTIMIZATION PERMANENT INCOME PERSONALITY PHYSICAL CAPITAL POLICY DISCUSSIONS POLICY RESEARCH POLICY RESEARCH WORKING PAPER POLITICAL ECONOMY POSITIVE EFFECTS PRODUCTION PROCESS PRODUCTIVITY PSYCHOLOGY QUALITY OF LIFE RECREATION REMITTANCE REMITTANCE MECHANISM REMITTANCES RESPECT RETURN MIGRATION ROLE OF GENDER RURAL AREAS SAVINGS SAVINGS PRODUCT SECONDARY SCHOOL SEX SIBLINGS SMALL ENTERPRISES SOCIAL NETWORKS SOCIAL SCIENCE SPOUSE SPOUSES TEMPORARY MIGRATION TRANSPORTATION UNEMPLOYED VILLAGE WAGES WAR WEALTH WORK EXPERIENCE WORKERS YOUNG CHILDREN |
| spellingShingle |
ACCESS TO CAPITAL ACCESS TO FINANCE ACCOUNTING ADOLESCENTS AGRICULTURAL ACTIVITY AGRICULTURAL PRODUCTION AGRICULTURAL SECTORS AGRICULTURE ALLOCATION OF RESOURCES BANKS BORROWING BRIBES CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL MARKET CAPITAL MARKETS CHILD DEVELOPMENT CHILD HEALTH CHILD LABOR CONSTRAINTS ON INVESTMENTS CONSUMER PRICE INDEX CORRUPTION CREDIT ACCESS CREDIT CONSTRAINTS CREDITS DECISION MAKING DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISSEMINATION DIVORCE DURABLE GOODS EARLY CHILDHOOD EARNINGS ECONOMETRICS ECONOMIC ANALYSIS ECONOMIC RESEARCH ECONOMICS ECONOMICS RESEARCH EDUCATION LEVELS EDUCATION SPENDING EDUCATIONAL ATTAINMENT ELDERLY EMPLOYERS EMPLOYMENT EMPOWERMENT ENROLLMENT ENTREPRENEURIAL ACTIVITIES ENTREPRENEURIAL ACTIVITY ENTREPRENEURS EXCHANGE RATE EXPENDITURE EXPENDITURES FAMILIES FAMILY BUSINESS FAMILY COMPOSITION FAMILY FINANCE FAMILY INCOME FAMILY MEMBERS FAMILY STRUCTURE FINANCIAL SERVICES GENDER GLOBAL DEVELOPMENT HEAD OF HOUSEHOLD HEALTH FACILITIES HOME IMPROVEMENT HOUSEHOLD FINANCE HOUSEHOLD INCOME HOUSEHOLD INVESTMENT HOUSEHOLD INVESTMENTS HOUSEHOLD LEVEL HOUSEHOLD SIZE HOUSEHOLDS HUMAN CAPITAL IMPACT OF MIGRATION INCOME MEASURES INCOME TAX INCOME TAX CREDIT INFORMATION ON INVESTMENT INTERNATIONAL BANK INTERNATIONAL MIGRATION INTERNATIONAL MIGRATION REVIEW INVESTMENT DECISIONS LABOR ECONOMICS LABOR FORCE LABOR FORCE PARTICIPATION LABOR FORCE SURVEY LABOR MARKET LABOR MARKETS LABOR MIGRATION LABOR RELATIONS LABOR SUPPLY LABOUR LABOUR MARKET LABOUR SUPPLY LIQUIDITY LIVING STANDARDS LOTTERY MEDICAL CARE MICROFINANCE MIGRANT MIGRANT LABOR MIGRANT REMITTANCES MIGRANTS MIGRATION MOTHER MUTUAL FUND NATIONAL GOVERNMENT NATIONAL POPULATION NEW BUSINESS NUMBER OF PEOPLE OLD AGE OPTIMIZATION PERMANENT INCOME PERSONALITY PHYSICAL CAPITAL POLICY DISCUSSIONS POLICY RESEARCH POLICY RESEARCH WORKING PAPER POLITICAL ECONOMY POSITIVE EFFECTS PRODUCTION PROCESS PRODUCTIVITY PSYCHOLOGY QUALITY OF LIFE RECREATION REMITTANCE REMITTANCE MECHANISM REMITTANCES RESPECT RETURN MIGRATION ROLE OF GENDER RURAL AREAS SAVINGS SAVINGS PRODUCT SECONDARY SCHOOL SEX SIBLINGS SMALL ENTERPRISES SOCIAL NETWORKS SOCIAL SCIENCE SPOUSE SPOUSES TEMPORARY MIGRATION TRANSPORTATION UNEMPLOYED VILLAGE WAGES WAR WEALTH WORK EXPERIENCE WORKERS YOUNG CHILDREN Clemens, Michael A. Tiongson, Erwin R. Split Decisions : Family Finance When a Policy Discontinuity Allocates |
| relation |
Policy Research Working Paper; No. 6287 |
| description |
Labor markets are increasingly global.
Overseas work can enrich households but also split them
geographically, with ambiguous net effects on decisions
about work, investment, and education. These net effects,
and their mechanisms, are poorly understood. This study
investigates a policy discontinuity in the Philippines that
resulted in quasi-random assignment of temporary,
partial-household migration to high-wage jobs in Korea. This
allows unusually reliable measurement of the reduced-form
effect of these overseas jobs on migrant households. A
purpose-built survey allows nonexperimental tests of
different theoretical mechanisms for the reduced-form
effect. The study also explores how reliably the
reduced-form effect could be measured with standard
observational estimators. It finds large effects on
spending, borrowing, and human capital investment, but no
effects on saving or entrepreneurship. Remittances appear to
overwhelm household splitting as a causal mechanism. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Clemens, Michael A. Tiongson, Erwin R. |
| author_facet |
Clemens, Michael A. Tiongson, Erwin R. |
| author_sort |
Clemens, Michael A. |
| title |
Split Decisions : Family Finance When a Policy Discontinuity Allocates |
| title_short |
Split Decisions : Family Finance When a Policy Discontinuity Allocates |
| title_full |
Split Decisions : Family Finance When a Policy Discontinuity Allocates |
| title_fullStr |
Split Decisions : Family Finance When a Policy Discontinuity Allocates |
| title_full_unstemmed |
Split Decisions : Family Finance When a Policy Discontinuity Allocates |
| title_sort |
split decisions : family finance when a policy discontinuity allocates |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2012/12/17043015/split-decisions-family-finance-policy-discontinuity-allocates-overseas-work http://hdl.handle.net/10986/12181 |
| _version_ |
1764422088357052416 |