Guatemala Selected Issues Paper

This Selected Issues paper analyzes remittances and households’ behavior in Guatemala. Remittances are a structural feature of the Guatemala economy. In 2017, remittance flows accounted for over 11 percent of GDP and benefitted over 1.5 million of Guatemalan households. The effects of remittances on...

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Bibliographic Details
Corporate Author: International Monetary Fund Western Hemisphere Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2018
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Guatemala  |b Selected Issues Paper 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2018 
300 |a 88 pages 
651 4 |a Guatemala 
653 |a International finance 
653 |a Inflation 
653 |a Income 
653 |a Public finance & taxation 
653 |a Banks and banking 
653 |a Currency; Foreign exchange 
653 |a Personal income 
653 |a Deflation 
653 |a Balance of payments 
653 |a Crime 
653 |a Bureaucracy 
653 |a Exports and Imports 
653 |a Aggregate Factor Income Distribution 
653 |a International economics 
653 |a National accounts 
653 |a Personal Income, Wealth, and Their Distributions 
653 |a Administrative Processes in Public Organizations 
653 |a Foreign Exchange 
653 |a Price Level 
653 |a Corruption 
653 |a Criminology 
653 |a Banks and Banking 
653 |a Prices 
653 |a Macroeconomics 
653 |a Banking 
653 |a Income inequality 
653 |a Corporate crime; white-collar crime 
653 |a Remittances 
653 |a Foreign exchange 
710 2 |a International Monetary Fund  |b Western Hemisphere Dept 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Staff Country Reports 
028 5 0 |a 10.5089/9781484360125.002 
856 4 0 |u https://elibrary.imf.org/view/journals/002/2018/155/002.2018.issue-155-en.xml?cid=45956-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a This Selected Issues paper analyzes remittances and households’ behavior in Guatemala. Remittances are a structural feature of the Guatemala economy. In 2017, remittance flows accounted for over 11 percent of GDP and benefitted over 1.5 million of Guatemalan households. The effects of remittances on the labor supply are estimated. There is no evidence of remittance-induced work disincentives. The results suggest that the labor supply for members of remittance-receiving households is relatively more elastic, most markedly so for the 41-65 age group: a one percent increase in weekly wages leads to a 0.5 percent increase in weekly hours worked for members of remittance-receiving households, versus 0.2 percent increase for non-remittance-receiving households