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Table 10 Bivariate probit model; bank presence equation

From: Financial development and the end-use of migrants' remittances

  (1) (2) (3)
  Assets Production Consumption
Log (avg. monthly remit.) -0.114 -0.100 -0.095
  (0.075) (0.071) (0.076)
Urban area 0.332 0.318 0.325
  (0.542) (0.554) (0.550)
Children in household 0.196 0.209 0.216
  (0.225) (0.211) (0.217)
Education 6 to 8 years -0.242** -0.237* -0.251*
  (0.122) (0.129) (0.147)
Education 9 to 11 years -0.489*** -0.494*** -0.501***
  (0.138) (0.134) (0.142)
Education > 11 years -0.296* -0.358** -0.368**
  (0.177) (0.171) (0.174)
Age of household head 0.002 0.002 0.001
  (0.009) (0.009) (0.009)
Household size 0.058 0.054 0.054
  (0.042) (0.044) (0.044)
# of employed HH members 0.020 0.015 0.017
  (0.055) (0.049) (0.051)
GDP 2000 0.001*** 0.001*** 0.001***
  (0.000) (0.000) (0.000)
Pop. density -0.000 -0.000 -0.000
  (0.000) (0.000) (0.000)
Indigenous pop. share 2.758 2.798 2.812
  (1.795) (1.832) (1.853)
Avg. yrs. of schooling -0.208 -0.214 -0.199
  (0.263) (0.282) (0.318)
Share receiving remittances 0.127*** 0.130*** 0.131***
  (0.044) (0.043) (0.044)
Distance to Mexico City -0.003*** -0.003*** -0.003***
  (0.001) (0.001) (0.001)
Distance to modern rail system 0.006** 0.006** 0.005*
  (0.003) (0.003) (0.003)
Distance to 1920 rail -0.001 -0.001 -0.001
  (0.000) (0.001) (0.001)
Constant -0.761 -0.710 -0.768
  (1.560) (1.634) (1.655)
  1. Standard errors clustered at community level in parentheses.
  2. *p < 0.10, **p < 0.05, ***p < 0.01.
  3. Education coefficients relative to baseline group with less than 6 years education.