Split decisions : family finance when a policy discontinuity allocates overseas work, Vol. 1 of 1

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Split decisions : family finance when a policy discontinuity allocates overseas work

Author:	Clemens, Michael A.; Tiongson, Erwin R.;	Collection Title:	Impact Evaluation series ; no. IE 78Policy Research working paper ; no. WPS 6287
Country:	World;	Date Stored:	2012/12/06
Document Date:	2012/12/01	Document Type:	Policy Research Working Paper
Language:	English	Region:	The World Region
Report Number:	WPS6287	SubTopics:	Access to Finance; Economic Theory & Research; Health Monitoring & Evaluation; Population Policies; Labor Policies
Volume No:	1 of 1

Summary: 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.


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