Template-Type: ReDIF-Article 1.0

Author-Name: László Kajdi
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: kajdil@mnb.hu

Title: Remittances – First Results of a New Survey

Abstract: With the surge in emigration, the level of support provided by Hungarians living
and working abroad to the households remaining in the home country has come to
the foreground both in Hungarian public discourse and scientific research. For the
most part, the research focuses on the contribution of remittances to the economy
of developing countries, and only a few studies address the role of these funds in the
context of migration processes within the European Union. In the course of 2017,
in cooperation with the Hungarian Central Statistical Office, the Magyar Nemzeti
Bank conducted a survey on this subject under the title “Family Assistance”. For the
first time, as a supplement to macrostatistics-based estimates this survey provides
an opportunity to glean information about the underlying factors of remittances
and about the characteristics of the senders as well as the receiving households.
Initial results indicate, among other things, that around one fifth of emigrants and
more than 65,000 households in Hungary are affected by the phenomenon, and
support from abroad is an important source of income for a significant portion of
households.

Classification-JEL: F22, F24, J61, J68
Keywords: remittances, labour market flow, migration
Pages: 85-108
Volume: 17
Issue: 3
Year: 2018
File-URL: http://english.hitelintezetiszemle.hu/letoltes/fer-17-3-st4-kajdi.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:17:y:2018:i:3:p:85-108