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Viviana A. Zelizer — 2022 Markets & Society Conference Keynote

Hayek Program Podcast

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The Resilience of Remittances During the Pandemic

In 2020, after Israel distributed one-time universal grants to its citizens, a survey found that around 14% of the 998 recipients reported either donating the grant or using the money to help family or friends. World Bank had predicted a severe drop of 20% in global migrant remittances for 2020 as a result of the economic crisis. Migrants at their destinations regularly earmarking major shares of their usually meager wages for transmission to home folks.

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