This paper uses a small, non-representative household survey of Nigerian migrants in the United States (1997) and migrant households in Nigeria to examine how migrants invest international remittances in housing in Nigeria. It finds that older migrants and those with more income are more likely to invest in housing in Nigeria. At the mean, a 10 percent increase in migrants’ income increases the probability of investing in housing by 3 percentage points. Economic shocks in Nigeria, such as funerals, job loss and crop failure, also lead to an increase in the amount of remittances spent on housing.
©2004 University of Chicago Press.