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Remittances of Immigrants in Greece
Authors:Theodore P. Lianos  Anastasia Pseiridis
Affiliation:1. Athens University of Economics and Business, Athens, Greece;2. Department of Regional Economic Development, University of Central Greece, Lambros Katsonis Sq., Levadia, Greece
Abstract:The present paper is a case study of the remittance behavior of immigrants in Greece. In addition to some of the usual factors affecting remittance behavior, it examines five factors than have received little attention in the literature: relative deprivation, existence of property in the country of origin, expectation on inheritance, stability of employment, and more than one migrant in the family. We use Heckman's selection model with survey data from 607 immigrants. Significant factors for the decision to remit are the existence of children living with the migrant, stability of employment, and gender. The basic factors affecting the size of remittances are the level of income, the existence of children living with the migrant, and the length of time in Greece.
Keywords:
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