From: Financial development and the end-use of migrants' remittances
 | (1) | (2) | (3) |
---|---|---|---|
 | Assets | Production | Consumption |
Banked | -0.182** | -0.012 | -0.153** |
 | (0.085) | (0.027) | (0.077) |
Log (avg. monthly remittance) | 0.059*** | 0.018*** | -0.026* |
 | (0.020) | (0.007) | (0.015) |
Urban area | -0.039 | -0.025* | 0.024 |
 | (0.051) | (0.015) | (0.050) |
Children in household | -0.193** | 0.000 | 0.107** |
 | (0.079) | (0.023) | (0.048) |
Education 6 to 8Â years | 0.013 | -0.003 | -0.023 |
 | (0.050) | (0.012) | (0.028) |
Education 9 to 11Â years | -0.027 | 0.001 | -0.041 |
 | (0.048) | (0.015) | (0.033) |
Education > 11 years | -0.010 | 0.014 | 0.011 |
 | (0.082) | (0.021) | (0.063) |
Age of household head | -0.000 | -0.000 | -0.000 |
 | (0.002) | (0.001) | (0.002) |
Household size | 0.000 | 0.003 | -0.001 |
 | (0.010) | (0.003) | (0.008) |
# of employed HH members | -0.033 | 0.002 | 0.022 |
 | (0.021) | (0.005) | (0.014) |
Constant | 0.303* | -0.064 | 0.278 |
 | (0.162) | (0.058) | (0.187) |
N | 820 | 820 | 820 |
p | 0.000 | 0.013 | 0.001 |
Test of endogeneity (Sargan C Statistic) p > chi2 | 0.1836 | 0.2502 | 0.5303 |
Test of overidentifying Restriction (Hansen J Statistic) p > chi2 | 0.5520 | 0.1804 | 0.5976 |