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Table 1 Variable description: BHPS 1991-2008

From: How do migrants save? Evidence from the British Household Panel Survey on temporary and permanent migrants versus natives

Variables

Categories

Description

Dependent variables

  

Saver

Binary

Declare to save from Current Income: 1=Yes; 0=No

Remitter

Binary

Declaring to send money to residents abroad 1=Yes, 0=No

Amount Saved

Continuous

Amount saved each month from Current Income

Remittances

Continuous

Amount of Remittances send per month

Index of Financial Incapability

Continuous

Index [-1; 1] 1=Low Capability; -1= High Capability

Socio-Demographic Controls

  

Individual level

  

UK-Born

Binary

Dummy Variable: 1= Born in UK, 0=Otherwise

Age

Continuous

Working Age for the whole Sample : 18-65 Years

Male

Binary

Dummy variable: 1=Male; 0=Female

Married

Binary

Dummy variable:1=Married or living in couple; 0=otherwise

Employed

Binary

Dummy variable: 1=Yes ; 0=No

Education Level

Binary

Dummy variables for: ‘No Qualification’, ‘O Level’,

  

‘No College Degree’ ‘University Degree’

  

Reference Category: ‘College Degree’

Household level

  

Household Type

Binary

Couple=1; Single=0

Number of Children

Ordinal

Number of children in the Household [0-9]

Net Household Income

Continuous

Yearly Household Income deflated by 2005 CPI

  

(divided by 100) and divided by the household size

Household Owner

Binary

Head of the household is the ower of the house 1=Yes; 0=No

Mortgage

Binary

The Household has mortgage for the house 1=Yes; 0=No

Derived variables

  

Temporary

Binary

Migrant staying temporary in UK

Holding Assets

Continuous

Declaring on holding financial assets

Financial evaluation

  

Financial Situation

Binary

Financial situation: Alright or Difficult

Financial Expectation

Binary

Financial Expectation for the next year:

  

Better, Worse or the Same

Financial changed

Binary

Financial Situation changed with respect to last year:

  

Earnings Increased, Earning Decreased,

  

Life is more expensive, Life is less expensive

Regional Dummies

Binary

Dummy variables for ‘London’, ‘South-East’, ‘South-West’,

  

‘East of England’, ‘East Midlands’, ‘West Midlands’,

  

‘Yorkshire’, ‘North-East’, ‘North-West’, ‘Scotland’;

  

Reference category: ‘Wales’

Yearly Dummies

Binary

Dummy variables for years 1990-2008