Factors Determining Migrant Remittances: The Case of Greece

Abstract

This article examines the flow of migrant remittances from Germany, Belgium, and Sweden to Greece. The statistical analysis uses the following determining factors: migrant's income, family income, the rate of interest, the rate of inflation, the exchange rate, the rate of unemployment, and the number of migrants. The results of this study reaffirm some earlier results of other studies, but they differ in some respects. An attempt is also made to detect cohort effects on the propensity to remit, and the evidence is that such effects do exist.