Evaluating the major determinants of the growth in OFW remittances

Date

2006-04

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Abstract

This study looks at the three major determinants of the growth in OFW remittances, namely, the increased number of deployed Filipino workers categorized as either supply-side push factor or demand-side pull factor, deployment of higher-paid skilled and professional Filipino workers, and the greater access of OFW s to remittance channels of the Philippines. Examining the trends of these factors gives conclusions on how they affect the growing OFW remittances.

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Keywords

OFW remittances, Filipino workers, Overseas Filipino workers, Remittances, Remittance determinants, Labor market

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