Impact of Remittances on Household Expenditure and Savings: A Case Study of Pabna District, Bangladesh
Keywords:
Remittances, Household Expenditure, Savings, BangladeshAbstract
Remittances affect household spending and savings. Remittances from migrants to their home country are vital to Bangladesh's economy, but the effects on district-level household financial decisions are unknown. This study compares spending and savings trends of remittance-receiving and non-recipient households in Pabna using 2015 household survey data. Remittance-receiving households may have different expenditure patterns, but there is no solid correlation for higher spending. This relationship between remittances and savings needs to be clarified. Descriptive statistics show a positive correlation. However, regression analysis does not show a significant association. These findings show that household remittance dynamics are complex. Remittances can affect spending and saving depending on household characteristics and financial knowledge. This study helps policymakers in Bangladesh understand district-level remittance impacts and build ways to maximize their positive benefits on household well-being and national development.
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