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 |