Remittances and Income Mobility in the Rural Areas of Nigeria

1
Olatomide Waheed Olowa
Olatomide Waheed Olowa
2
Omowumi Ayodele Olowa
Omowumi Ayodele Olowa
1 Federal College of Education(Technical) Akoka

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GJMBR Volume 13 Issue C9

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In Nigeria, an issue that is discussed less is intertemporal income mobility -who is getting ahead, who is falling behind, who is standing still, and why. This article examines the effects of remittances on rural households’ income mobility. We used the living standard survey (NLSS), Harmonised living standard survey (HNLSS) and balance of payments on remittance data set produced by the government of Nigeria to help track Inequality and income mobility progress. The unit of analysis was the household, upon which information on remittances was analysed. Average Quintile Immobility Rate (AQIR) and the Average Quintile Move Rate (AQMR) were estimated to determine the status of intertemporal income mobility with and without remittances while the progressive index (P-value) was estimated to ascertain whether income mobility has contributed to long-term income equality. From the results, remittances pushed up rural households’ income mobility and had long-term contribution to income equality.

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No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

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Not applicable for this article.

. 2013. \u201cRemittances and Income Mobility in the Rural Areas of Nigeria\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 13 (GJMBR Volume 13 Issue C9): .

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GJMBR Volume 13 Issue C9
Pg. 43- 49
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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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September 18, 2013

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English

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In Nigeria, an issue that is discussed less is intertemporal income mobility -who is getting ahead, who is falling behind, who is standing still, and why. This article examines the effects of remittances on rural households’ income mobility. We used the living standard survey (NLSS), Harmonised living standard survey (HNLSS) and balance of payments on remittance data set produced by the government of Nigeria to help track Inequality and income mobility progress. The unit of analysis was the household, upon which information on remittances was analysed. Average Quintile Immobility Rate (AQIR) and the Average Quintile Move Rate (AQMR) were estimated to determine the status of intertemporal income mobility with and without remittances while the progressive index (P-value) was estimated to ascertain whether income mobility has contributed to long-term income equality. From the results, remittances pushed up rural households’ income mobility and had long-term contribution to income equality.

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Remittances and Income Mobility in the Rural Areas of Nigeria

Olatomide Waheed Olowa
Olatomide Waheed Olowa Federal College of Education(Technical) Akoka
Omowumi Ayodele Olowa
Omowumi Ayodele Olowa

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