We study how international migrant income prospects affect long-run development in origin areas. We leverage the 1997 Asian Financial Crisis exchange rate shocks in a shift-share identification strategy across Philippine provinces. Initial migrant income shocks are magnified six-fold over time, increasing domestic income, education levels, migrant skills, and high-skilled migration. Remarkably, 74.9 percent of long-run…
Migrant Income and Long-Run Economic Development
Migrant Income and Long-Run Economic Development
13 Apr 2026 Leave a comment
in development economics, labour economics, labour supply Tags: economics of immigration
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