Kiel Working Papers, Kiel Institute for World Economics
No 1515:
What determines the choice of transfer channel for remittances? Evidence from Moldova
Melissa Siegel and Matthias Lücke
Abstract: We estimate a multinomial logit model to explain the
choice of transfer channel (formal services vs. informal operators or
personal transfers) by 1139 pairs of migrants and recipients of remittances
in Moldova in 2006. Explanatory variables include socioeconomic
characteristics of the migrant and other household members, the pattern of
migration (destination country, legal status, duration) and financial
information (average amount and frequency of payments). Key reasons not to
use a formal transfer channel include an emphasis on low transfer cost
(rather than speed, convenience, or security), a migrant’s irregular legal
status in the host country, and short migration spells
Keywords: migration, remittances, Moldova, transfer channel, money transfer operator, financial sector development; (follow links to similar papers)
JEL-Codes: F22,; F24,; O16; (follow links to similar papers)
23 pages, April 2009
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