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Great Expectations? Remittances and Asset Accumulation in Pakistan

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  • Junaid Ahmed
  • Mazhar Mughal
  • Stephan Klasen

Abstract

This study examines asset accumulation patterns of the recipients of foreign and domestic remittances. Employing a number of matching techniques, we analyse stocks of consumer, productive, housing and financial assets among migrants' stay†behind households in Pakistan. We find that asset accumulation among remittance†receiving households depends upon the nature and magnitude of remittances, the economic situation, and the geographical location of the recipient households. Foreign remittances lead to a substantial increase in household assets, while no significant change results from domestic remittances. We conclude that foreign remittances are considered as mainly transitory income and are used to generate precautionary savings in cash and kind. Copyright © 2016 John Wiley & Sons, Ltd.

Suggested Citation

  • Junaid Ahmed & Mazhar Mughal & Stephan Klasen, 2018. "Great Expectations? Remittances and Asset Accumulation in Pakistan," Journal of International Development, John Wiley & Sons, Ltd., vol. 30(3), pages 507-532, April.
    • Handle: RePEc:wly:jintdv:v:30:y:2018:i:3:p:507-532
    DOI: 10.1002/jid.3202
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    Cited by:

    1. Cheema, Ahmed Raza & Coxhead, Ian, 2019. "“Gender Shock†and Household Labor Allocation: Dowry and Labor Migration in Pakistan," Staff Paper Series 593, University of Wisconsin, Agricultural and Applied Economics.
    2. Mazhar Mughal & Rashid Javed, 2022. "Perturbed nuptiality, delayed fertility: childbirth effects of Covid19," Journal of Population Research, Springer, vol. 39(4), pages 589-597, December.
    3. Ahmed Raza Cheema & Ian Coxhead, 2022. "Does Dowry Drive Labor Export? Evidence from Pakistan," The Developing Economies, Institute of Developing Economies, vol. 60(4), pages 173-205, December.
    4. Ali, Ubaid & Mughal, Mazhar & Ayaz, Muhammad & Ahmed, Junaid, 2024. "Migrant remittances and the adoption of information and communication technology," Information Economics and Policy, Elsevier, vol. 68(C).
    5. Junaid Ahmed & Mazhar Mughal, 2019. "Cost Of Remitting To Pakistan Across Major Corridors," PIDE Research Briefs 2019:04, Pakistan Institute of Development Economics.
    6. Mora-Rivera, Jorge & van Gameren, Edwin, 2021. "The impact of remittances on food insecurity: Evidence from Mexico," World Development, Elsevier, vol. 140(C).
    7. Narayani Sritharan & Kritika Jothishankar, 2025. "Money Talks: How Remittances Contribute to Wealth Creation in Post‐conflict Communities," Journal of International Development, John Wiley & Sons, Ltd., vol. 37(3), pages 633-654, April.
    8. Boburmirzo Ibrokhimov & Rashid Javed & Mazhar Mughal, 2023. "Migrants remittances and fertility in the Post-Soviet states," Post-Communist Economies, Taylor & Francis Journals, vol. 35(6), pages 574-596, August.
    9. Kouandou, Arouna, 2025. "The role of remittances in clean energy adoption: New household level insights from West Africa," Energy Policy, Elsevier, vol. 202(C).
    10. Ubaid Ali & Mazhar Mughal & Lionel de Boisdeffre, 2023. "Migrant remittances, agriculture investment and cropping patterns," Journal of Agricultural Economics, Wiley Blackwell, vol. 74(3), pages 899-920, September.
    11. Ayaz Ahmed & Nasir Iqbal & Ghulam Mustafa, 2020. "Measuring the Impact of Remittances on Housing Demand: Evidence from Large Cities in Pakistan," PIDE-Working Papers 2020:10, Pakistan Institute of Development Economics.

    More about this item

    JEL classification:

    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • I2 - Health, Education, and Welfare - - Education
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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