The purpose of the paper was to summarize studies identifying the causes and effects of Philippine International labour migration and remittances and to highlight research gaps. Literature and reliability of findings that explore the many facets and implications of the social and economic impacts of international labour migration and remittances were assessed and reviewed. Impacts on education, health, family cohesion, fertility and demographic distributions, as well as on consumption and investment, and poverty and inequality, were highlighted. The paper argued that understanding the social and economic impact of international labour migration and remittances is complex and an interdisciplinary research is needed to appropriately define the scope of its impact. To move the our understanding of the issues forward, in depth analyses using better specifications, estimation procedures and data are necessary.