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Table 7 Banking services

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

  (1) (2) (3)
  Assets Production Consumption
Demand saving accounts -0.214 -0.902* 0.673**
  (0.208) (0.489) (0.331)
Credit cards -0.281* -0.309 0.254
  (0.165) (0.488) (0.375)
Log (avg. monthly remittance) 0.242*** 0.273*** 0.091
  (0.074) (0.080) (0.208)
Urban area 0.184 0.564 0.407
  (0.155) (0.367) (0.410)
Children in household -0.991*** -0.265 1.107***
  (0.298) (0.351) (0.304)
Education 6 to 8 years 0.121 0.773 -0.496**
  (0.209) (0.532) (0.193)
Education 9 to 11 years -0.000 0.835 -0.362*
  (0.234) (0.558) (0.195)
Education > 11 years 0.508 1.380** -0.599
  (0.441) (0.537) (0.594)
Age of household head 0.005 0.039** -0.006
  (0.011) (0.020) (0.016)
Household size 0.039 0.002 -0.060
  (0.037) (0.052) (0.037)
# of employed HH members -0.122 -0.122 0.237***
  (0.125) (0.129) (0.085)
Constant -1.272** -4.951*** -3.175**
  (0.602) (1.231) (1.270)
N 464 464 464
Pseudo r2 0.074 0.208 0.120
p > chi2 0.000 0.005 0.000
  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.