The impact of migrant remittances on poverty reduction in Bangladesh

IF 1 Q3 SOCIAL WORK

Poverty & Public Policy Pub Date : 2024-08-29 DOI:10.1002/pop4.411

Sima R. Dey, Bishwajit Basak

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Abstract

This study aims to assess the impact of international remittances on poverty alleviation in Bangladeshi migrant families using household surveys. A Multi‐Stage Stratified Random Sampling approach was employed to collect data from four upazilas of the Tangail and Comilla districts. The propensity score matching (PSM) method is used to evaluate the impact of returnee workers' remittances on household economic welfare that to ensure poverty alleviation. The average treatment effect in treated outcomes using the PSM technique demonstrates that the land asset, income, and expenditure scenario of migrant households has improved significantly compared to nonmigrants, indicating a notable reduction in poverty. Moreover, international remittances also improved savings and investment status substantially, along with wealth accrual and land possession. Hence, international remittances proved to be a boon for migrant families as remittances drove returnee households towards lower poverty in Bangladesh. Intervention programs that include financial literacy components (including digital banking) for safe money transfer and low interest bank loans for migration costs are required to maintain remittance inflows and sustainable reductions in poverty.

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移民汇款对孟加拉国减贫的影响

本研究旨在通过家庭调查评估国际汇款对孟加拉国移民家庭减贫的影响。研究采用了多阶段分层随机抽样法，从 Tangail 和 Comilla 地区的四个乡收集数据。采用倾向得分匹配法（PSM）来评估回国劳工汇款对家庭经济福利的影响，以确保扶贫效果。使用倾向得分匹配法得出的平均治疗效果表明，与非移民相比，移民家庭的土地资产、收入和支出情况有了显著改善，表明贫困现象明显减少。此外，国际汇款还大大改善了储蓄和投资状况，以及财富积累和土地占有情况。因此，国际汇款被证明是移民家庭的福音，因为汇款促使孟加拉国的返乡家庭减少了贫困。为保持汇款流入和可持续地减少贫困，需要制定包括金融知识（包括数字银行）在内的干预计划，以实现安全汇款，并为移民费用提供低息银行贷款。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Poverty & Public Policy SOCIAL WORK-

CiteScore

1.70

自引率

8.30%

发文量

期刊介绍： Poverty is worldwide, but empirical studies of poverty, income distribution, and low-income aid programs for citizens have thus far been more common in America, Canada, Australia, and the major industrial nations of Europe. American and Canadian studies of poverty, income issues, and social welfare programs have, to an extent, been insular in scope. Poverty & Public Policy (PPP) is a global journal. In much of the world, including Central and South America, Africa, the Middle East and much of Asia, there are important studies of poverty, income and aid programs; little has been integrated into the scholarly literature, however, which is an oversight this journal aims to correct. Poverty & Public Policy publishes quality research on poverty, income distribution, and welfare programs from scholars around the globe. PPP is eclectic, publishing peer-reviewed empirical studies, peer-reviewed theoretical essays on approaches to poverty and social welfare, book reviews, data sets, edited blogs, and incipient data from scholars, aid workers and other hands-on officials in less developed nations and nations that are just beginning to focus on these problems in a scientific fashion.