Exploring financial reverse remittances. A quantitative study in the Italian context

While many studies examine the remittances sent by migrants to their home countries, little is known about the financial resources that flow from home countries to migrants abroad, also known as reverse remittances. Following an in-depth analysis of the limited existing literature, our study focuses on the practice of financial reverse remittances among migrants living in the Italian region of Lombardy to assess their incidence, their relationship with the migrants' migration stage, and the occurrence of economic hardship. We build on a quantitative survey of 4,000 migrants carried out in 2014. Our research shows that overseas students, long-term migrants living with a partner, and, in general, migrants facing economic hardship and job insecurity are more likely to receive financial reverse remittances. The implications of our findings in light of the 2007-2008 global financial crisis in Italy are also discussed.