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Table 9 2SLS GMM estimates

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 8 years 0.013 -0.003 -0.023
  (0.050) (0.012) (0.028)
Education 9 to 11 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
  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.