000006261 001__ 6261
000006261 005__ 20180122192546.0
000006261 037__ $$a382-2016-22463
000006261 041__ $$aen
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000006261 084__ $$aF24
000006261 084__ $$aL14
000006261 084__ $$aO1
000006261 084__ $$a015
000006261 245__ $$aThe Insurance Role of Remittances on Household Credit Demand
000006261 260__ $$c2008
000006261 269__ $$a2008
000006261 270__ $$msrichter@primal.ucdavis.edu$$pRichter,   Susan M.
000006261 300__ $$a61
000006261 336__ $$aConference Paper/ Presentation
000006261 490__ $$aSelected Paper
000006261 490__ $$a462950
000006261 520__ $$aThe economic literature has highlighted how in the absence of income insurance risk averse households may voluntarily withdraw from credit markets, since contract terms may transfer too much risk to the household (Boucher, Carter, and Guirkinger, 2007). Therefore, households may forgo activities with higher expected income in favor of activities with less income variability across states of nature (Morduch, 1995). Recent literature has also evaluated how remittances provide households with insurance against income shocks (Yang and Choi, 2007; Rosenzweig and Stark, 1989) and how remittances may help households bypass financial intermediaries (Woodruff and Zenteno, 2001; Taylor, Rozelle, and de Brauw, 2003). There has been minimal attention, however, on how access to the potential receipt of remittances affects household participation in financial credit markets. On the one hand, the direct effect of remittances might decrease liquidity constraints at the household level and thus decrease credit demand. On the other hand remittances may provide households with insurance and thus increase willingness to accept credit contract terms. In this paper I estimate the effect of the potential receipt of remittances on credit demand. Potential 
receipt of remittances is estimated by predicting the household's receipt of remittances and variables that proxy for the strength and vulnerability of migration networks. Results indicate that the predicated amount of remittances received at the household level have a positive effect on credit demand.
000006261 542__ $$fLicense granted by Shelley Reber (rebe0022@umn.edu) on 2008-05-07T17:44:11Z (GMT):

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000006261 650__ $$aFinancial Economics
000006261 650__ $$aHealth Economics and Policy
000006261 700__ $$aRichter, Susan M.
000006261 8564_ $$s245414$$uhttp://ageconsearch.umn.edu/record/6261/files/462950.pdf
000006261 887__ $$ahttp://purl.umn.edu/6261
000006261 909CO $$ooai:ageconsearch.umn.edu:6261$$pGLOBAL_SET
000006261 912__ $$nSubmitted by Shelley Reber (rebe0022@umn.edu) on 2008-05-07T17:45:34Z
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  Previous issue date: 2008
000006261 982__ $$gAmerican Agricultural Economics Association>2008 Annual Meeting, July 27-29, 2008, Orlando, Florida
000006261 980__ $$a382