The objective of the study is to empirically probe the impact of misery index on remittance. Six Asian countries have been selected for the period of 1980-2016. The study uses panel ARDL approach with Cointegration. The results of Kao test shows that remittances and misery index are co-integrated. Panel ARDL results show that misery index has a positive and significant impact on remittances in the long run but it is negative and insignificant in the short run. The results underpin the altruism theory in remittance sending behavior in the selected Asian countries. Remittance and unstable macroeconomic condition are directly proportional to each other in Asian developing countries. The government may scrutinize and determine the threshold level of instability otherwise the inflow of remittance might decrease.

Keywords: Altruism, Ardl, Inflation, Misery Index, Remittance, Unemployment.