Remittance income uncertainty and asset accumulation

IZA Journal of Labor & Development

Table 9 Two part model for share of households’ expenditures on human, physical and financial assets

	First part				Second part
Variables	Coefficient	Robust S.E.	M.E. on Prob (Y > 0)	Robust S.E.	Coefficient/M.E. on E(Y\|Y > 0)	Robust S.E.
HH remittance income (1,000 pesos)	0.011***	0.001	0.003***	0.000	0.011***	0.001
Remittance income volatility	0.080***	0.015	0.019***	0.004	0.053***	0.018
Female headed HH	−0.033***	0.010	−0.008***	0.002	−0.012	0.012
Number of young children in the HH	0.012*	0.006	0.003*	0.002	−0.029***	0.006
Number of elderly HH members	−0.103***	0.007	−0.025***	0.002	−0.029***	0.007
Number of HH members with high school or above	0.152***	0.005	0.036***	0.001	0.013	0.020
Number of HH members with middle school	0.080***	0.004	0.019***	0.001	0.019**	0.009
Number of HH members employed	−0.001	0.004	0.000	0.001	−0.031***	0.007
Household size	0.049***	0.003	0.012***	0.001	0.029***	0.004
Rural household	−0.138***	0.010	−0.034***	0.003	0.092***	0.025
Year fixed-effects	Yes				Yes
Mexican state fixed-effects	Yes				Yes
Mexican state-level time trends	Yes				Yes
Observations:	159,940				126,123
Significance	Wald Chi2 = 31,390.30 with Prob > Chi2 = 0.000				R-squared = 0.107

Notes: ***Significant at the 1 percent level or better, **significant at 5 percent level or better and *significant at the 10 percent level or better. All regressions include a constant term. Standard errors are clustered at the Mexican state level. Marginal effects are evaluated at the mean.