Remittances and Income Mobility in the Rural Areas of Nigeria

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

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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

Olatomide Olowa, Omowumi Olowa. 2013. "Remittances and Income Mobility in the Rural Areas of Nigeria". Global Journal of Management and Business Research, 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
householdincome inequalityincome mobilityRemittancesRural Nigeria
Classification
GJMBR-C Classification JEL Code: P36
F24
  • Submission ReceivedDecember 12, 2012
  • Peer Review Double Blind
    Handling Editor
  • Accepted January 3, 2013
  • Published January 15, 2013
Version of record

v1.2

Issue date
September 18, 2013

Language
English
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Remittances and Income Mobility in the Rural Areas of Nigeria

Olatomide Olowa
Olatomide Olowa Federal College of Education (Technical) Akoka
Omowumi Olowa
Omowumi Olowa
  • Submission ReceivedDecember 12, 2012
  • Peer Review Double Blind
    Handling Editor
  • Accepted January 3, 2013
  • Published January 15, 2013