International Migration, Remittances Inflow and Household Welfare: An Intra Village Comparison from Pakistan

This study explores the financial costs, time involved in migration and benefits at household level. A household survey has been conducted to investigate about characteristics of migrants, transaction costs and sources of financing by which overseas migration is financed. Results of PSM technique explored that overseas migration conveys worthwhile benefits as measured by their total expenditures, food expenditures, non-food expenditures, clothing expenditures, expenditures on pots and pans, expenditures on vehicles and saving levels. Establishment of technical training institutions, creation of micro-finance institutions and enhancing their functioning as well as sensitization about ‘Pakistan Remittance Initiative’ would be some of the policy options in order to tackle with the problem.