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Table 7 Probit regressions on instruments

From: Mixed effects of remittances on child education

Potential instruments Remittance reception School enrollment
Lagged local migration network 12.750*** 3.892***
  (0.0750) (0.0601)
Migrant’s age between 20 and 50 (1/0) 0.530*** 0.074***
  (0.0102) (0.0118)
Migrant resides in the USA (1/0) 1.167*** − 0.102***
  (0.0115) (0.0133)
Migrants resides in Europe (1/0) 1.250*** 0.152***
  (0.0102) (0.0120)
Likelihood ratio χ2 158,584.97 5,280.77
p value for LR χ2 < 0.001 < 0.001
McFadden’s pseudo R2 0.171 0.003
  1. Standard errors in parentheses. Notes: The sample includes children between 12 and 17 years old (N = 1,533,133). McFadden (1977) describes a pseudo R2 value between 0.2 and 0.4 as an “excellent fit”
  2. ***p < 0.01, **p < 0.05, *p < 0.1