The Kyrgyz Republic has experienced a deceleration of GDP growth in the last decade (World Bank Group, Country Economic Updates). At the same time, the country experiences steady high rates of emigration, particularly for economic purposes (Bollard et. al.,2009). Consequently, remittances have long been a significant and important source of national income in the national economy. Overseas remittances made up 29% of the GDP of the Kyrgyz Republic in 2018 (World Bank Group). Therefore, money sent from abroad has massive potential to spur the economies of lower income countries that depend highly on it. The proposed thesis aims to analyze how money transfers affect the economic livelihoods of households in the Kyrgyz Republic and present its implications for remittance and migration related policy. In particular, the research intended shall focus on the correlations between receiving remittance and a households' standard of living along with patterns of household expenditure including rates of consumption, savings and investment, if any.The Kyrgyz Republic has experienced a deceleration of GDP growth in the last decade (World Bank Group, Country Economic Updates). At the same time, the country experiences steady high rates of emigration, particularly for economic purposes (Bollard et. al.,2009). Consequently, remittances have long been a significant and important source of national income in the national economy. Overseas remittances made up 29% of the GDP of the Kyrgyz Republic in 2018 (World Bank Group). Therefore, money sent from abroad has massive potential to spur the economies of lower income countries that depend highly on it. The proposed thesis aims to analyze how money transfers affect the economic livelihoods of households in the Kyrgyz Republic and present its implications for remittance and migration related policy. In particular, the research intended shall focus on the correlations between receiving remittance and a households' standard of living along with patterns of household expenditure including rates of consumption, savings and investment, if any.