Type of expenditure | N | Share of HH expenditures | Difference | t-statistic |
---|---|---|---|---|
Overall asset accumulation | ||||
High uncertainty | 4,718 | 0.153 | Â | Â |
Low uncertainty | 4,723 | 0.136 | 0.017*** | 4.11 |
Educational investments | ||||
High uncertainty | 4,718 | 0.026 | Â | Â |
Low uncertainty | 4,723 | 0.029 | −0.003** | −2.08 |
Health investments | ||||
High uncertainty | 4,718 | 0.040 | Â | Â |
Low uncertainty | 4,723 | 0.032 | 0.008*** | 3.42 |
Purchase of durable assets | ||||
High uncertainty | 4,718 | 0.008 | Â | Â |
Low uncertainty | 4,723 | 0.007 | 0.001 | 1.03 |
Real estate investments | ||||
High uncertainty | 4,718 | 0.026 | Â | Â |
Low uncertainty | 4,723 | 0.016 | 0.010*** | 3.10 |
Financial investments | ||||
High uncertainty | 4,718 | 0.085 | Â | Â |
Low uncertainty | 4,723 | 0.089 | 0.004 | 0.20 |
Business investments | ||||
High uncertainty | 4,718 | 0.005 | Â | Â |
Low uncertainty | 4,723 | 0.004 | 0.001 | 0.8496 |
Ordinary expenditures | ||||
High uncertainty | 4,718 | 0.847 | Â | Â |
Low uncertainty | 4,723 | 0.863 | −0.017*** | −4.11 |