FES International Research Seminar Series with Professor Dean Yang, University of Michigan, USA

Our next speaker in the FES International Research Seminar Series is Dean Yang, who is a Professor of Economics at the University of Michigan. Dean is an empirical microeconomist with current research interests in microfinance, international migration and areas at the intersection of these topics. Much of his work involves randomized controlled trials in field settings. He published in many leading journals such as AER, AEJ: Applied Economics, EJ, RESTATS and JDE. He currently holds Associate Editor positions at RESTATS and JDE.

Speaker: Dean Yang, University of Michigan

Title:  Abundance from Abroad: Migrant Earnings and Economic Development in the Philippines

The abstract: How do earnings by international migrants affect development in migrant origin areas? We examine the impacts of shocks to international migrant earnings on economic outcomes across Philippine provinces over two decades. We exploit exogenous variation in migrant earnings driven by persistent exchange rate shocks across Filipino migrant destinations due to the 1997 Asian Financial Crisis. These shocks have heterogeneous effects across provinces on migrant earnings per capita, depending on pre-shock migrant earnings and the distribution of migrants across overseas destinations. Positive province-level shocks to migrant earnings lead to increases in household assets and child schooling. These results are consistent with alleviation of credit constraints on household investment, as well as increased returns to education due to more attractive skill-selective migration opportunities.

Date: April 18, 2018

Time: 13:40-15:00

Venue: Shabolovka campus, room 3211

FES Seminars webpage: https://economics.hse.ru/en/seminars/ 

For external participants: to order the pass, please contact dmalbakhova@hse.ru