@TechReport{iza:izadps:dp7984,
            	author={Batista, Catia and Umblijs, Janis},
            	title={Do Migrants Send Remittances as a Way of Self-Insurance? Evidence from a Representative Immigrant Survey},
            	year={2014},
	month={Feb},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={7984},
            	url={https://www.iza.org/index.php/publications/dp7984},
	abstract={Do migrants send remittances as a way of obtaining insurance? While this motive is theoretically suggested in the literature, the question of identifying this relationship empirically has only begun to be explored. Using a unique representative survey of 1500 immigrants in the Greater Dublin Area, Ireland, we find a positive and significant relationship between risk aversion and remittance behavior. Risk-averse individuals are more likely to send remittances home and are, on average, likely to remit a higher amount, after controlling for a broad range of individual and group characteristics. Consistent with a "purchase of self-insurance" motive to remit, we also provide evidence of more remittances sent by risk averse immigrants facing higher wage risks and remitting to individuals with more financial resources.},
	keywords={migration;risk aversion;remittances;insurance},
            }