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Mental accounting and remittances: A study of rural Malawian households


Reference:

Davies, S., Easaw, J. Z. and Ghoshray, A., 2009. Mental accounting and remittances: A study of rural Malawian households. Journal of Economic Psychology, 30 (3), pp. 321-334.

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Official URL:

http://dx.doi.org/10.1016/j.joep.2009.03.003

Abstract

In this paper we use a behavioural approach to studying household consumption behaviour in Malawi. In particular we are interested to know whether households use mental accounting when consuming different categories of good. It is useful for assessing the impact of remittances on household consumption behaviour. We use 1998 cross-sectional data to find the following key results: (i) mental accounting systems are in operation; (ii) remittance income exhibits a lower marginal propensity to consume than other income sources, (iii) remittances are widely used to fund education consumption, (iv) credit plays an important role in funding education and farming.

Details

Item Type Articles
CreatorsDavies, S., Easaw, J. Z. and Ghoshray, A.
DOI10.1016/j.joep.2009.03.003
Uncontrolled Keywordsglobal political economy
DepartmentsFaculty of Humanities & Social Sciences > Economics
Research CentresInstitute for Policy Research
RefereedYes
StatusPublished
ID Code14792
Additional InformationID number: doi:10.1016/j.joep.2009.03.003

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