Remittances and Income Mobility in the Rural Areas of Nigeria

Remittances and Income Mobility in the Rural Areas of Nigeria

Olatomide Waheed Olowa

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Omowumi Ayodele Olowa

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Federal College of Education (Technical) Asaba

Remittances and Income Mobility in the Rural Areas of Nigeria

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Abstract

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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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite 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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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

household income inequality income mobility Remittances Rural Nigeria

Submission ReceivedDecember 12, 2012
Peer Review Double Blind
Handling Editor
Accepted January 3, 2013
Published January 15, 2013

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September 18, 2013

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Total Score: 102

Country: Unknown

Subject: Global Journal of Management and Business Research - C: Finance

Authors: Olatomide Waheed Olowa, Omowumi Ayodele Olowa (PhD/Dr. count: 0)

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