The Economics of Migrants' Remittances This paper reviews recent theoretical and empirical literature on migrant remittances, focusing on their microeconomic determinants and macroeconomic impacts. At the micro level, it examines the motivations behind remittances, including altruism, exchange, strategic behavior, insurance, and inheritance. At the macro level, it analyzes the growth effects of remittances, their role in inequality, and their long-term economic implications. Remittances are influenced by a variety of factors, including the migrants' characteristics, the recipient's income, and the timing of transfers. Theoretical models suggest that remittances can be driven by altruistic motives, where migrants send money to support family members, or by strategic motives, where remittances are used to influence migration decisions. Insurance motives also play a role, as remittances can help families manage income volatility and reduce financial risks. Additionally, remittances may serve as a form of investment or exchange for services. Empirical studies show that remittances are a significant source of income for many households, particularly in developing countries. They contribute to economic growth, reduce poverty, and improve consumption smoothing. However, the impact of remittances on inequality is complex, as they can both reduce and increase inequality depending on the context. The paper also discusses the challenges of analyzing remittances, including data limitations and the difficulty of distinguishing between different motives. It highlights the importance of considering both microeconomic and macroeconomic perspectives in understanding the role of remittances in economic development. Overall, remittances are a crucial component of the economic landscape, with significant implications for both individual households and national economies.The Economics of Migrants' Remittances This paper reviews recent theoretical and empirical literature on migrant remittances, focusing on their microeconomic determinants and macroeconomic impacts. At the micro level, it examines the motivations behind remittances, including altruism, exchange, strategic behavior, insurance, and inheritance. At the macro level, it analyzes the growth effects of remittances, their role in inequality, and their long-term economic implications. Remittances are influenced by a variety of factors, including the migrants' characteristics, the recipient's income, and the timing of transfers. Theoretical models suggest that remittances can be driven by altruistic motives, where migrants send money to support family members, or by strategic motives, where remittances are used to influence migration decisions. Insurance motives also play a role, as remittances can help families manage income volatility and reduce financial risks. Additionally, remittances may serve as a form of investment or exchange for services. Empirical studies show that remittances are a significant source of income for many households, particularly in developing countries. They contribute to economic growth, reduce poverty, and improve consumption smoothing. However, the impact of remittances on inequality is complex, as they can both reduce and increase inequality depending on the context. The paper also discusses the challenges of analyzing remittances, including data limitations and the difficulty of distinguishing between different motives. It highlights the importance of considering both microeconomic and macroeconomic perspectives in understanding the role of remittances in economic development. Overall, remittances are a crucial component of the economic landscape, with significant implications for both individual households and national economies.