The Impact of Remittances on Rural Household Resilience to Shocks in Thailand

Seminar no. 1213
10 May 2023 Time 12.30 – 13.30 hrs.

Speaker: Pongpaiboon Tularug

Climate shocks, economic fluctuations, and a large number of individual-specific shocks leave households vulnerable to sever hardship. Shocks disrupt the flows of household income, consumption, and welfare losses in developing countries due to limited in access to formal credit and insurance institutions to smooth their income. Migration is one of livelihood strategy to improve their income sources and also helping the effects of social, economic, and institution in places of origin. According to the New Economic of Labour Migration (NELM) and Co-Insurance theory, migration increases the ability of household income and improve the income stable through remittances. In rural areas, more than 70 countries rely on remittances as an engine of socio-economic growth and transformation. Therefore, migrant remittances are not only support wellbeing back home but also support their subsistence in times of shocks and climatic stress and thus, enhancing resilience. However, there are several existing research focuses on the impact of remittances on rural household resilience in term of welfare outcome, but in Thailand, little is paid attention on the time duration of household to recover to the initial stage. It is important for policy intervention to enhance the capacities of rural household and migrant to cope with, and recovery better from shocks.

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