Remittance income uncertainty and asset accumulation

IZA Journal of Labor & Development

Table 4 Share of household expenditures over the past quarter according to remittance receipt

Type of expenditure	N	Share of HH expenditures	Difference	t-statistic
Overall asset accumulation
Receiving remittances	9,441	0.145
Not receiving remittances	150,499	0.124	0.020***	9.78
Educational investments
Receiving remittances	9,441	0.028
Not receiving remittances	150,499	0.036	−0.008**	−11.34
Health investments
Receiving remittances	9,441	0.036
Not receiving remittances	150,499	0.027	0.010***	8.07
Purchase of durable assets
Receiving remittances	9,441	7.3e-03
Not receiving remittances	150,499	6.6e-03	0.001**	2.16
Real estate investments
Receiving remittances	9,441	0.021
Not receiving remittances	150,499	0.019	0.001	0.59
Financial investments
Receiving remittances	9,441	0.088
Not receiving remittances	150,499	0.066	0.021**	1.96
Business investments
Receiving remittances	9,441	0.004
Not receiving remittances	150,499	0.003	0.001*	1.86
Ordinary expenditures
Receiving remittances	9,441	0.856
Not receiving remittances	150,499	0.876	−0.020***	−9.78

Notes: The null hypothesis is: H₀: diff = 0 and the alternative hypothesis is given by H_a: diff < 0. ***Significant at the 1 percent level or better, **significant at 5 percent level or better.