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Table 5 Existence of banking sector

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

  (1) (2) (3)
  Assets Production Consumption
Banked -0.276* -0.421** -0.230
  (0.145) (0.203) (0.283)
Log (avg. monthly remittance) 0.195*** 0.268*** 0.075
  (0.067) (0.077) (0.138)
Urban area -0.137 -0.015 0.297
  (0.145) (0.206) (0.332)
Children in household -0.650*** -0.191 0.761***
  (0.242) (0.273) (0.250)
Education 6 to 8 years 0.128 0.252 -0.333*
  (0.161) (0.204) (0.175)
Education 9 to 11 years -0.017 0.482** -0.242*
  (0.164) (0.215) (0.136)
Education > 11 years 0.294 0.514* -0.399
  (0.315) (0.304) (0.403)
Age of household head 0.003 0.013 -0.011
  (0.008) (0.012) (0.010)
Household size 0.001 0.088** -0.047
  (0.033) (0.038) (0.032)
# of employed HH members -0.087 -0.090 0.208***
  (0.075) (0.081) (0.074)
Constant -0.970* -4.067*** -1.498*
  (0.543) (0.776) (0.883)
N 820 820 820
Pseudo r2 0.055 0.093 0.052
p > chi2 0.000 0.000 0.001
  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.