The stubbornly high cost of remittances

For the families of millions of migrant workers around the world, remittances can literally be a life-saver. But the cost of sending money home remains puzzlingly high. So why aren't remittances getting cheaper? Tim Phillips talks to Stephen Cecchetti of Brandeis University and Kim Schoenholtz of the Stern School at NYU.

Read Steve and Kim's column on the subject at VoxEU.