Table 13 IV probit second-stage estimates

Branches per 10 k residents

0.152

0.611*

-0.888

(0.359)

(0.345)

(0.659)

Log (avg. monthly remittance)

0.251***

0.305***

0.054

(0.076)

(0.087)

(0.160)

Urban area

-0.030

-0.320

0.966**

(0.249)

(0.470)

(0.378)

Children in household

-0.994***

-0.472

0.986*

(0.297)

(0.302)

(0.538)

Education 6 to 8 years

0.114

1.052*

-0.448***

(0.200)

(0.592)

(0.133)

Education 9 to 11 years

0.053

1.355**

-0.602***

(0.250)

(0.634)

(0.201)

Education > 11 years

0.474

1.520***

-0.527

(0.442)

(0.522)

(0.420)

Age of household head

0.006

0.047**

-0.008

(0.011)

(0.019)

(0.017)

Household size

0.046

0.047

-0.091***

(0.040)

(0.056)

(0.032)

# of employed HH members

-0.129

-0.162

0.171*

(0.141)

(0.121)

(0.104)

Constant

-1.788**

-6.720***

-1.036

(0.829)

(1.324)

(2.079)

Wald test of exogeneity

Rho

-0.150

-0.068

0.520

(0.253)

(0.221)

(0.562)

N

464

464

464

Prob > F

0.000

0.000

0.004