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Table 8 First-stage regression; dependant variable: banked

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

 

Coefficient

Robust standard error

t-statistic

Prob > |t|

Log (avg. monthly remittance)

-0.0215

0.0167

-1.2900

0.1980

Urban area

0.1196

0.1176

1.0200

0.3090

Children in household

0.0310

0.0677

0.4600

0.6480

Education 6 to 8 years

-0.0452

0.0317

-1.4200

0.1550

Education 9 to 11 years

-0.1050

0.0418

-2.5100

0.0120

Education > 11 years

-0.0574

0.0466

-1.2300

0.2190

Age of household head

0.0013

0.0022

0.5800

0.5640

Household size

0.0071

0.0089

0.8000

0.4260

# of employed HH members

-0.0035

0.0100

-0.3500

0.7270

GDP 2000

0.0002

0.0000

5.0900

0.0000

Pop. density

0.0000

0.0000

0.3200

0.7480

Indigenous pop. share

0.1793

0.4286

0.4200

0.6760

Avg. yrs. of schooling of HH heads

-0.0589

0.0574

-1.0300

0.3050

Share of HH receiving remittances

0.0331

0.0109

3.0300

0.0030

Distance to Mexico City

-0.0006

0.0002

-3.5600

0.0000

Distance to modern rail system

0.0017

0.0005

3.0800

0.0020

Distance to 1920 rail

-0.0001

0.0001

-1.1300

0.2590

Constant

0.3066

0.2949

1.0400

0.2990

N

820

   

Prob > F

0.0000

   

R2

0.4567

  Â