International Remittances and Subjective Wellbeing in Sub-Saharan Africa: A Micro-level Study
| Autor: | Iddisah Sulemana, Ebenezer Bugri Anarfo, Louis Doabil |
|---|---|
| Rok vydání: | 2019 |
| Předmět: |
Economics and Econometrics
Afrobarometer Social Psychology Ceteris paribus 05 social sciences Instrumental variable 050301 education Ordered probit Probit Ordinary least squares Respondent Economics 0501 psychology and cognitive sciences Demographic economics 0503 education 050104 developmental & child psychology Social policy |
| Zdroj: | Journal of Family and Economic Issues. 40:524-539 |
| ISSN: | 1573-3475 1058-0476 |
| DOI: | 10.1007/s10834-019-09615-5 |
| Popis: | According to United Nations reports, in 2017, there were about 24.6 million Africans living outside of Africa. As a corollary, remittances to the continent have increased tremendously, exceeding official development assistance. The present paper examined whether receiving international remittances is correlated with the subjective wellbeing of relatives left behind in Africa. Using data from the Round 6 of the Afrobarometer Surveys in 32 Sub-Saharan African countries, our results from ordinary least squares, instrumental variable two-stage least squares, ordered probit, and instrumental variable probit regressions revealed unambiguously that receiving remittances exert a positive and statistically significant effect on subjective wellbeing at the 0.1% level. Specifically, we found that a unit increase in the frequency with which people receive remittances is associated with a 0.0660-point increase in subjective wellbeing, ceteris paribus. Moreover, a unit increase in receiving remittances increases the probability that the respondent would report having good and very good living conditions by about 1.67% and 0.44%, respectively. |
| Databáze: | OpenAIRE |
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