Consumption Behavior of Illegal Migrant Workers During the Covid-19 Pandemic: Theoretical Framework

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Consumption Behavior of Illegal Migrant Workers During the Covid-19 Pandemic: Theoretical Framework

Popis výsledku v původním jazyce

During the pandemic, the hardship of typical households might not be different from that of migrant workers in terms of financial resource allocations – that is, they reduce their consumption to some extend when their income falls. However, illegal migrant workers, perhaps, suffer the most during the pandemic due to financial constraint. By the time of this writing, study on consumption behavior of illegal migrant during the pandemic is not specifically documented. The main objective of this study is to examine how illegal immigrant workers respond to economic recessions caused by the Covid-19 pandemic in terms of consumption behavior. The analytical framework is the two-period consumption-saving model in which remittance variable is set to be constant and financial (borrowing) constraint is incorporated. The results show that they must reduce consumption in the current period significantly after being laid off or during lockdown by the same amount of falling in income, whereas consumption in the future period remains the same. Also, an anticipating fall in income due to lockdown and being unemployed will reduce the future consumption by same amount of fall in future income, whereas current income remains the same. Borrowing constraint makes it difficult for illegal migrants to maintain the level of consumption in both periods.

Název v anglickém jazyce

Consumption Behavior of Illegal Migrant Workers During the Covid-19 Pandemic: Theoretical Framework

Popis výsledku anglicky

During the pandemic, the hardship of typical households might not be different from that of migrant workers in terms of financial resource allocations – that is, they reduce their consumption to some extend when their income falls. However, illegal migrant workers, perhaps, suffer the most during the pandemic due to financial constraint. By the time of this writing, study on consumption behavior of illegal migrant during the pandemic is not specifically documented. The main objective of this study is to examine how illegal immigrant workers respond to economic recessions caused by the Covid-19 pandemic in terms of consumption behavior. The analytical framework is the two-period consumption-saving model in which remittance variable is set to be constant and financial (borrowing) constraint is incorporated. The results show that they must reduce consumption in the current period significantly after being laid off or during lockdown by the same amount of falling in income, whereas consumption in the future period remains the same. Also, an anticipating fall in income due to lockdown and being unemployed will reduce the future consumption by same amount of fall in future income, whereas current income remains the same. Borrowing constraint makes it difficult for illegal migrants to maintain the level of consumption in both periods.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2022

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

DOKBAT 2022 - 18th International Bata Conference for Ph.D. Students and Young Researchers

ISBN

978-80-7678-101-6

ISSN

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e-ISSN

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Počet stran výsledku

10

Strana od-do

198-207

Název nakladatele

Fakulta managementu a ekonomiky, UTB ve Zlíně

Místo vydání

Zlín

Místo konání akce

Zlín

Datum konání akce

14. 9. 2022

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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