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Longitudinal evidence on financial expectations in Albania: Do remittances matter?

Author

Listed:
  • Laetitia Duval

    (GERCIE - Groupe d'Etudes et de Recherche sur la Coopération Internationale et Européenne - UT - Université de Tours)

  • François-Charles Wolff

    (INED - Institut national d'études démographiques, LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - IEMN-IAE Nantes - Institut d'Économie et de Management de Nantes - Institut d'Administration des Entreprises - Nantes - UN - Université de Nantes)

Abstract

This paper focuses on the role of remittances on financial expectations in Albania using longitudinal data covering the period 2002-2004. To study the dynamics of income satisfaction at the household level, we use subjective data on past, current and future financial situations and estimate random and fixed effect ordered Probit models. We find that households are more optimistic about the future when they have experienced an improvement in their financial situation in the past and when they have received private transfers from foreign countries.

Suggested Citation

  • Laetitia Duval & François-Charles Wolff, 2010. "Longitudinal evidence on financial expectations in Albania: Do remittances matter?," Working Papers hal-00546296, HAL.
    • Handle: RePEc:hal:wpaper:hal-00546296
    Note: View the original document on HAL open archive server: https://hal.science/hal-00546296v1
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    References listed on IDEAS

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    1. Hendrik P. van Dalen & George Groenewold & Tineke Fokkema, 2005. "Remittances and their Effect on Emigration Intentions in Egypt, Morocco and Turkey," Tinbergen Institute Discussion Papers 05-030/1, Tinbergen Institute.
    2. Ada Ferrer-i-Carbonell & Paul Frijters, 2004. "How Important is Methodology for the estimates of the determinants of Happiness?," Economic Journal, Royal Economic Society, vol. 114(497), pages 641-659, July.
    3. Rafael Di Tella & Robert MacCulloch, 2006. "Some Uses of Happiness Data in Economics," Journal of Economic Perspectives, American Economic Association, vol. 20(1), pages 25-46, Winter.
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    Cited by:

    1. Giulia Bettin & Riccardo Lucchetti, 2016. "Steady streams and sudden bursts: persistence patterns in remittance decisions," Journal of Population Economics, Springer;European Society for Population Economics, vol. 29(1), pages 263-292, January.

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    More about this item

    Keywords

    Albania; Income expectations: Longitudinal data; Remittances;
    All these keywords.

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