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 |