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Table 7 Decomposition mode for Tobit: natives vs migrants

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

Savings

Natives vs. Migrants-without index

Natives vs. Migrants -with index

\(\widehat {\Delta }^{Tobit}\)

0.29

-2.029**

 

(0.404)

(1.027)

Explained part

0.014

-2.038**

 

(0.040)

(1.030)

in % of \(\widehat {\Delta }^{Tobit}\)

[49.94]

[95.46]

Unexplained part

0.015

0.092

 

(0.0096)

(0.087)

in % of \(\widehat {\Delta }^{Tobit}\)

[50.06]

[4.54]

Savings+Remittances

Natives vs. Migrants-without index

Natives vs. Migrants -with index

\(\widehat {\Delta }^{Tobit}\)

0.066

-4.70***

 

(1.28)

(2.35)

Explained part

0.033

-4.72***

 

(1.29)

(2.36)

in % of \(\widehat {\Delta }^{Tobit}\)

[38.91]

[99.01]

Unexplained part

0.033

0.015

 

(0.023)

(0.018)

in % of \(\widehat {\Delta }^{Tobit}\)

[61.09]

[0.9]

  1. ***Comparison between the decomposition without Index of Financial Incapability and then Including the Index of Financial Incapability Logarithm of savings; in both cases decomposed Bootstrap (50) replications; standard errors in parenthesis. Number of observations: Group (A) = 42213; Group (B) =1562.