Skip to main content

Table 11 Bivariate probit; remittance use equations

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

  (1) (2) (3)
Dependant variable Assets Production Consumption
Banked -0.699*** -0.532 -0.341
  (0.252) (0.465) (0.771)
Log (avg. monthly remittance) 0.172*** 0.260*** 0.070
  (0.066) (0.088) (0.144)
Urban area 0.041 0.037 0.343
  (0.174) (0.312) (0.420)
Children in household -0.603** -0.183 0.765***
  (0.248) (0.276) (0.252)
Education 6 to 8 years 0.110 0.245 -0.336*
  (0.163) (0.202) (0.174)
Education 9 to 11 years -0.069 0.464** -0.254*
  (0.161) (0.214) (0.149)
Education > 11 years 0.259 0.506* -0.405
  (0.315) (0.306) (0.398)
Age of household head 0.002 0.013 -0.011
  (0.008) (0.012) (0.010)
Household size 0.002 0.088** -0.046
  (0.034) (0.038) (0.033)
# of employed HH members -0.078 -0.088 0.209***
  (0.073) (0.081) (0.073)
Constant -0.641 -3.963*** -1.421
  (0.507) (0.860) (1.044)
Wald test of exogeneity 0.358** 0.089 0.097
Rho (0.138) 0.288 0.466
N 820 820 820
Prob > F 0.000 0.000 0.004
  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.