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Table 5 Share of household expenditures over the past quarter according to remittance income uncertainty

From: Remittance income uncertainty and asset accumulation

Type of expenditure

N

Share of HH expenditures

Difference

t-statistic

Overall asset accumulation

High uncertainty

4,718

0.153

  

Low uncertainty

4,723

0.136

0.017***

4.11

Educational investments

High uncertainty

4,718

0.026

  

Low uncertainty

4,723

0.029

−0.003**

−2.08

Health investments

High uncertainty

4,718

0.040

  

Low uncertainty

4,723

0.032

0.008***

3.42

Purchase of durable assets

High uncertainty

4,718

0.008

  

Low uncertainty

4,723

0.007

0.001

1.03

Real estate investments

High uncertainty

4,718

0.026

  

Low uncertainty

4,723

0.016

0.010***

3.10

Financial investments

High uncertainty

4,718

0.085

  

Low uncertainty

4,723

0.089

0.004

0.20

Business investments

High uncertainty

4,718

0.005

  

Low uncertainty

4,723

0.004

0.001

0.8496

Ordinary expenditures

High uncertainty

4,718

0.847

  

Low uncertainty

4,723

0.863

−0.017***

−4.11

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