Table 4 Bivariate dynamic model for savers and remitters
Saver | Remitter | |||||||
|---|---|---|---|---|---|---|---|---|
Pool bivariate | Wooldridge | Pool bivariate | Wooldridge | |||||
correction | correction | |||||||
Coeff | SE | Coeff | SE | Coeff | SE | Coeff | SE | |
Saver (t-1) | 1.24*** | (0.01) | 1.16*** | (0.01) | -0.06*** | (0.02) | -0.05*** | (0.02) |
Remitter(t-1) | -0.05** | (0.02) | -0.05** | (0.02) | 1.85*** | (0.02) | 1.74*** | (0.03) |
Saver (t 0) | 0.28*** | (0.01) | -0.01 | (0.02) | ||||
Remitter (t 0) | -0.02 | (0.02) | 0.40*** | (0.03) | ||||
Age | -0.01 | (0.01) | -0.01** | (0.01) | 0.08*** | (0.01) | 0.05*** | (0.01) |
Age 2 | 0.01 | (0.01) | 0.01* | (0.01) | -0.01*** | (0.01) | -0.01*** | (0.01) |
Married | 0.03* | (0.02) | 0.01 | (0.02) | 0.01 | (0.02) | -0.01 | (0.02) |
Self-employed | 0.28*** | (0.02) | 0.28*** | (0.02) | 0.30*** | (0.03) | 0.30*** | (0.03) |
Employed | 0.43*** | (0.01) | 0.42*** | (0.01) | 0.20*** | (0.02) | 0.20*** | (0.02) |
O level | 0.09*** | (0.02) | 0.06*** | (0.02) | 0.11*** | (0.03) | 0.10*** | (0.03) |
No College | 0.13*** | (0.02) | 0.08*** | (0.02) | 0.17*** | (0.03) | 0.16*** | (0.03) |
University degree | 0.23*** | (0.02) | 0.16*** | (0.02) | 0.28*** | (0.03) | 0.28*** | (0.03) |
Net Household Income | 0.01*** | (0.01) | -0.01*** | (0.01) | 0.01*** | (0.01) | 0.01*** | (0.01) |
Household Owner | 0.18*** | (0.01) | 0.04* | (0.02) | -0.12*** | (0.02) | -0.12*** | (0.04) |
Household Type | 0.08*** | (0.02) | 0.03 | (0.02) | -0.10*** | (0.03) | -0.09*** | (0.03) |
Number of Childrens | -0.09*** | (0.01) | -0.04*** | (0.01) | -0.12*** | (0.01) | -0.33*** | (0.02) |
Asset Holders | 0.04*** | (0.01) | 0.02*** | (0.01) | 0.01*** | (0.01) | 0.01 | (0.01) |
Temporary Migrant | -0.40 | (0.49) | -0.30 | (0.53) | -0.66 | (0.66) | -0.46 | (0.61) |
Uk-born | 0.05* | (0.03) | 0.03 | (0.03) | -0.22*** | (0.03) | -0.19*** | (0.04) |
Constant | -1.63*** | (0.07) | -1.57*** | (0.07) | -3.67*** | (0.12) | -3.53*** | (0.12) |
Average Variables (\(\overline {x}\)) | No | No | Yes | Yes | No | No | Yes | Yes |
Regional Dummies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Year Dummies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
N | 95680 | 95628 | 95680 | 95628 | ||||