Determinants of Remittances: A Study in Cachar District of Assam

Abstract

Remittances play an increasingly large role in the economies of many countries. They are more than just mere financial transactions. As studies have shown, in the era of globalization, as a result of the enhanced human mobility, the outmigration of a country’s citizens to various foreign countries has intensified, as a result of which the inward flow of money to the household economy in the urban, semi-urban and the rural areas appears to have increased. The quantum and magnitude of such remittances sent by the migrant workers to their families in the home country are found to be affected by a vast number of characteristics specific to the migrants and their families back home. An attempt has been made through this article to discern the determinants of the remittance levels and the variables that affect the size of the remittance in the surveyed families of the two villages with the help of the multiple regression model.