TY  - RPRT
        AU  - Sinning, Mathias
        TI  - Determinants of Savings and Remittances: Empirical Evidence from Immigrants to Germany
        PY  - 2007/Aug/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 2966
        UR  - https://www.iza.org/publications/dp2966
        AB  - This paper investigates the determinants of migrants' financial transfers to their home country using German data. A double-hurdle model is applied to analyze the determinants of the propensity to send transfers abroad and the amount of transfers. The findings reveal that return intentions positively affect financial transfers of immigrants to their home country. Moreover, while the effect of the household size on migrants' transfers abroad turns out to be significantly negative, remittances are higher if close relatives live in the sending country. Finally, Vuong-tests indicate that the double-hurdle model is the correct specification for the analysis of migrants' savings and remittances rather than the conventional Tobit model usually applied in the literature.
        KW  - international migration
KW  - savings
KW  - remittances
KW  - double-hurdle model
        ER  -