Are Remittances a Substitute for Credit? Carrying the Financial Burden of Health Shocks in National and Transnational Households

Cover: World Development, No. 77

Cover: World Development, No. 77

Christian Ambrosius, Alfredo Cuecuecha – 2013

This paper tests for the assumption that remittances are a substitute for credit by comparing the response to health-related shocks among national and transnational households using Mexican household panel data. While the occurrence of serious health shocks that required hospital treatment doubled the average debt burden of exposed households compared to the control group, households with nuclear family members (a parent, child, or spouse) in the US did not increase their debts due to health shocks. This finding is consistent with the view that remittances respond to households’ demand for financing emergencies and make them less reliant on debt-financing.

Titel
Are Remittances a Substitute for Credit? Carrying the Financial Burden of Health Shocks in National and Transnational Households
Verfasser
Christian Ambrosius, Alfredo Cuecuecha
Verlag
Elsevier
Ort
Amsterdam
Schlagwörter
Teilprojekt D6
Datum
2013
Kennung
ISSN 0305-750X (Print) ISSN 1873-5991 (Online)
Quelle/n
Erschienen in
World Development, No. 46, 143-152.
Sprache
eng
Art
Text