Social and Behavioral Sciences Commons^™

Banking On Remittances? How Bank Account Possession In The United States Affects Mexican Migrants Sending Money Home, Elizabeth Durden

Faculty Journal Articles

Data from 154 different Mexican communities, housed within the Mexican Migration Project (mmp), is used to explore the influence of U.S. assimilation on a Mexican migrant’s propensity to remit money back to Mexico. A migrant opening a U.S. bank account is employed as a proxy for assimilation. Sociodemographic, U.S. migration, and Mexican community control variables are included. It is found that a migrant opening a bank account during the last U.S. migration is associated with a reduced probability of remitting money back to Mexico, suggesting a shift in social and economic activity from Mexico to the U.S. for migrants abroad