Analysing the Effect of Remittances on Household in Pakistan

Assets accumulation is important part of investment of household. Household invest in assets when time is good this increases their utility, and sold them when time is tough. This thesis is aimed to analyse the effect of remittances on assets accumulation of aggregate household of Pakistan, rural household of Pakistan and urban household of Pakistan. By using probit model, estimated through maximum likelihood estimation method. Survey data, Pakistan Social and Living Standard measurement Survey (PSLM) 2012-13 is used for estimation. Three models have been modelled for estimation first for aggregate households of Pakistan, second for rural household and third for urban households of Pakistan.