Migration & Remittances: Impact on Financial Behaviour of Families Left Behind in Sri Lanka

Series: Labour and Migration

Currently, over one in every 14 households has an international migrant while one in every 11 households receives remittances. In this context, the study investigates the impact of migration and remittances on the financial behaviour of family members left behind in Sri Lanka, using data from the Household and Expenditure Survey (HIES) 2016. It reveals that migration and remittances promote savings in such households; these families are also less likely to borrow and are better at paying off existing loans, making them less indebted in the long run.