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The Impact of Remittances on Human Capital in Sub-Saharan Countries

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  • Chong Siew Huay
  • Yasmin Bani

Abstract

This study has examined the impact of remittances on human capital based on 23 Sub-Saharan countries (SSA) from 1981 to 2010. Our primary contribution lies in demonstrating that remittances have a positive impact on the enhancement of human capital in these SSA countries. The results indicate that a 1 percent increase in remittances leads to a 0.26 percent rise in the average years of schooling. To ensure the credibility of our findings, we employ a Generalized Method of Moments (GMM) approach to control for the endogeneity of remittances and human capital in our empirical analysis

Suggested Citation

  • Chong Siew Huay & Yasmin Bani, 2023. "The Impact of Remittances on Human Capital in Sub-Saharan Countries," Information Management and Business Review, AMH International, vol. 15(3), pages 172-178.
  • Handle: RePEc:rnd:arimbr:v:15:y:2023:i:3:p:172-178
    DOI: 10.22610/imbr.v15i3(SI).3475
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