From: Financial development and the end-use of migrants' remittances
Remittance use | Sample proportions | |||
---|---|---|---|---|
 | Unbanked | Banked | Difference | Z |
(N = 356) | (N = 464) | |||
Food and maintenance | 0.9213 | 0.9461 | -0.0247 | -1.43 |
Construction or repair of home | 0.3174 | 0.2284 | 0.0890*** | 2.85 |
Purchase of home or lot | 0.0365 | 0.0237 | .0128 | 1.08 |
Vehicle | 0.0169 | 0.0172 | -0.0003 | -0.04 |
Tools | 0.0169 | 0.0065 | 0.0104* | 1.42 |
Livestock | 0.0169 | 0.0065 | 0.0104* | 1.42 |
Agricultural inputs | 0.0149 | 0 | 0.0149*** | 2.56 |
Consumer goods | 0.1461 | 0.0690 | 0.0771*** | 3.61 |
Start or expand a business | 0.0281 | 0.0216 | 0.0065 | 0.60 |
Education | 0.3820 | 0.3405 | 0.0415 | 1.23 |
Health care | 0.2612 | 0.2328 | 0.0285 | 0.94 |
Pay debt | 0.1713 | 0.1121 | 0.0592*** | 2.44 |
Special event | 0.0197 | 0.0108 | 0.0089 | 1.05 |
Entertainment | 0.0084 | 0.0108 | -0.0024 | -0.34 |
Savings | 0.1236 | 0.0496 | 0.0740*** | 3.84 |
Other | 0.0365 | 0.0302 | 0.0063 | 0.50 |
Assets (includes construction or repair of home, purchase of home or lot, and vehicle) | 0.3455 | 0.2651 | 0.0804*** | 2.49 |
Production (includes tools, livestock, agricultural inputs, and start or expand business) | 0.0702 | 0.0323 | 0.0379*** | 2.50 |
Consumption (includes consumer goods, special event, and entertainment) | 0.2079 | 0.1142 | 0.0936*** | 3.67 |