How do Migration and Remittances Affect Human Capital Investment? The Effects of Relaxing Information and Liquidity Constraints
研究了移民汇款对尼泊尔儿童教育的影响，发现汇款帮助受信贷约束的家庭入学并减少辍学，而父母移民对教育的影响取决于其信息水平。
This article explores the heterogeneous effects of the migration–remittance process on the educational attainment of Nepalese children. The results suggest that when controlling for remittances, the children of more educated or informed parents suffer from parental absence, while the children of less informed parents gain from migration, implying that the migration experience helps less educated parents estimate the value of and returns to education more precisely. The results also suggest that remittances help severely credit-constrained households enrol their children in school and prevent dropouts. These remittances help households that face less severe liquidity constraints increase their investment in quality education.