5 Economic and Social Consequences of the Migration–Remittance Nexus

Few aspects of society go untouched by migration and subsequent remittances. This section starts with an examination of some of the long-run effects of this nexus on African aggregate growth in incomes, and the investments in physical and human capital that underlie this growth. Short-run aspects are then addressed, including exchange rate effects of remittances, labor market adjustments and, a topic fairly specific to Africa, the influx of refugees. Following this, the evidence on implications for income distribution within African countries and for poverty alleviation are addressed, before turning to a briefer sketch of some of the more pertinent social impacts of migration. ...

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