Table 3.
Binomial logit models of asset ownership and OLS models of asset values, by type of asset and sex (S.E. in parentheses)
| MEN |
|||||||
|---|---|---|---|---|---|---|---|
| Logit Models of Ownership |
OLS Models of Asset Amounts |
||||||
| U.S. Bank | Cash saving | Forgn. Bank | Forgn. Prop. | U.S. Assets | Forgn. Assets | Total Assets | |
| Marital Status (ref=accompanied married) | |||||||
| Unmarried | −1.00 *** (0.40) |
0.48 (0.40) |
−0.08 (0.38) |
0.61 * (0.37) |
−1.61 *** (0.49) |
0.85 (0.77) |
0.43 (0.60) |
| Unacc. Married | −0.36 (0.37) |
0.80 ** (0.39) |
0.29 (0.34) |
1.17 *** (0.35) |
−0.97 ** (0.46) |
1.85 *** (0.72) |
0.92 * (0.56) |
| Children | |||||||
| Minor at home | 0.36 (0.33) |
−0.57 (0.36) |
−0.77 ** (0.33) |
−0.27 (0.32) |
0.31 (0.42) |
−0.71 (0.66) |
−0.13 (0.52) |
| Minor abroad | −0.74 ** (0.33) |
−0.69 * (0.36) |
0.38 (0.32) |
−0.21 (0.31) |
−1.02 ** (0.41) |
0.08 (0.65) |
−0.36 (0.51) |
| Age | 0.20 * (0.12) |
−0.18 (0.11) |
−0.05 (0.11) |
0.28 *** (0.11) |
0.27 ** (0.14) |
0.31 (0.21) |
0.26 (0.17) |
| Age squared | 0.00 * (0.00) |
0.00 * (0.00) |
0.00 (0.00) |
0.00 ** (0.00) |
0.00 * (0.00) |
0.00 (0.00) |
0.00 (0.00) |
| Low Education | −0.28 (0.28) |
−0.57 ** (0.28) |
0.05 (0.26) |
0.00 (0.25) |
−0.25 (0.33) |
−0.04 (0.51) |
−0.37 (0.40) |
| Years in NC | 0.08 ** (0.04) |
0.02 (0.04) |
0.00 (0.04) |
0.02 (0.04) |
0.06 (0.05) |
−0.03 (0.08) |
0.02 (0.06) |
| Internal migrant | 0.15 (0.28) |
0.00 (0.27) |
0.25 (0.26) |
0.41 (0.25) |
0.17 (0.33) |
1.05 ** (0.52) |
0.66 (0.41) |
| Speaks English well | 0.35 (0.50) |
−1.17 * (0.62) |
−0.26 (0.50) |
−0.14 (0.46) |
0.73 (0.60) |
−0.32 (0.93) |
0.13 (0.73) |
| Undocumented | −1.16 ** (0.52) |
0.52 (0.53) |
0.51 (0.49) |
−0.03 (0.42) |
−1.23 ** (0.56) |
0.29 (0.87) |
−0.12 (0.69) |
| HH earnings (log) | 0.44 ** (0.19) |
0.65 ** (0.29) |
0.24 * (0.15) |
0.08 (0.11) |
0.43 *** (0.13) |
0.25 (0.21) |
0.54 *** (0.16) |
| Paid in cash | −1.73 *** (0.42) |
0.29 (0.33) |
−0.14 (0.33) |
−0.46 (0.32) |
−1.89 *** (0.41) |
−0.61 (0.64) |
−0.34 (0.51) |
| Long time horizon | 0.11 (0.27) |
−0.25 (0.28) |
0.34 (0.25) |
0.00 (0.25) |
0.39 (0.33) |
0.28 (0.51) |
0.38 (0.41) |
| Intercept | −5.09 ** (2.20) |
−2.34 (2.45) |
−2.02 (1.99) |
−6.32 *** (1.90) |
−2.50 (2.38) |
−3.49 (3.70) |
−1.81 (2.92) |
| Chi/R Sq | 112.12 | 39.37 | 24.21 | 42.45 | 0.28 | 0.09 | 0.08 |
| WOMEN |
|||||||
| Logit Models of Ownership |
OLS Models of Asset Amounts |
||||||
| U.S. Bank | Cash saving | Forgn. Bank | Forgn. Prop. | U.S. Assets | Forgn. Assets | Total Assets | |
| Marital Status (ref=unmarried) | |||||||
| Married | −1.85 *** (0.50) |
0.11 (0.52) |
0.63 (0.66) |
1.22 *** (0.50) |
−0.82 (0.53) |
2.18 *** (0.77) |
0.54 (0.70) |
| Children | |||||||
| Minor at home | −0.41 (0.39) |
−0.06 (0.40) |
0.43 (0.46) |
0.30 (0.38) |
−0.56 (0.44) |
0.60 (0.64) |
−0.32 (0.58) |
| Minor abroad | −0.61 * (0.32) |
−0.03 (0.36) |
0.38 (0.35) |
−0.15 (0.30) |
−0.78 ** (0.37) |
0.10 (0.54) |
−0.53 (0.49) |
| Age | 0.05 (0.14) |
−0.21 (0.13) |
0.07 (0.15) |
0.16 (0.13) |
0.04 (0.15) |
0.19 (0.22) |
−0.01 (0.20) |
| Age squared | 0.00 (0.00) |
0.00 * (0.00) |
0.00 (0.00) |
0.00 (0.00) |
0.00 (0.00) |
0.00 (0.00) |
0.00 (0.00) |
| Low Education | −0.77 *** (0.29) |
−0.44 (0.33) |
−0.20 (0.34) |
−0.16 (0.28) |
−1.12 *** (0.34) |
−0.19 (0.49) |
−0.92 ** (0.45) |
| Years in NC | 0.10 ** (0.05) |
−0.08 (0.05) |
−0.08 (0.05) |
−0.02 (0.04) |
0.11 ** (0.05) |
−0.08 (0.07) |
0.10 (0.07) |
| Internal migrant | 0.24 (0.31) |
−0.40 (0.34) |
−0.33 (0.34) |
0.01 (0.28) |
0.02 (0.35) |
−0.10 (0.51) |
0.06 (0.46) |
| Speaks English well | 1.42 * (0.77) |
−0.89 (0.82) |
- - |
−0.38 (0.72) |
1.51 ** (0.76) |
−0.95 (1.10) |
0.74 (1.00) |
| Undocumented | 0.62 (0.51) |
−0.93 * (0.51) |
0.76 (0.65) |
−0.27 (0.47) |
0.67 (0.59) |
−0.33 (0.85) |
0.67 (0.77) |
| HH earnings (log) | 2.24 *** (0.42) |
0.08 (0.17) |
1.15 *** (0.45) |
−0.07 (0.16) |
0.71 *** (0.17) |
−0.05 (0.24) |
0.39 * (0.22) |
| Paid in cash | −3.20 *** (0.77) |
0.53 (0.39) |
−1.93 *** (0.76) |
−0.16 (0.38) |
−2.50 *** (0.47) |
−0.74 (0.67) |
−1.59 *** (0.61) |
| Long time horizon | 0.69 * (0.38) |
0.06 (0.41) |
1.18 *** (0.35) |
0.78 *** (0.32) |
1.16 *** (0.43) |
2.21 *** (0.62) |
1.81 *** (0.57) |
| Intercept | −14.30 *** (3.19) |
2.46 (2.01) |
−12.04 *** (3.55) |
−5.06 ** (2.12) |
−2.40 (2.38) |
−3.16 (3.43) |
0.54 (3.11) |
| Chi/R Sq | 136.62 | 15.00 | 52.85 | 33.76 | 0.27 | 0.13 | 0.15 |
| POOLED MEN AND WOMEN |
|||||||
| Logit Models of Ownership |
OLS Models of Asset Amounts |
||||||
| U.S. Bank | Cash saving | Forgn. Bank | Forgn. Prop. | U.S. Assets | Forgn. Assets | Total Assets | |
| Marital Status (ref=accompanied married man) | |||||||
| Unmarried man | −0.97 *** (0.35) |
0.57 * (0.34) |
0.64 * (0.34) |
0.77 ** (0.32) |
−1.58 *** (0.41) |
1.55 *** (0.61) |
1.00 * (0.52) |
| Unacc. marr. man | −0.60 (0.38) |
0.76 ** (0.38) |
0.63 * (0.36) |
1.37 *** (0.35) |
−1.40 *** ###### |
2.30 *** (0.69) |
1.32 ** (0.58) |
| Married woman | −0.66 *** (0.25) |
−0.21 (0.27) |
−0.03 (0.26) |
0.05 (0.23) |
−0.90 *** (0.31) |
−0.09 (0.46) |
−0.65 * (0.39) |
| Unmarr. woman | 0.39 (0.43) |
0.13 (0.46) |
−1.02 * (0.58) |
−0.98 ** (0.43) |
−0.31 (0.48) |
−1.95 *** (0.73) |
−0.84 (0.61) |
| Children | |||||||
| Minor at home | 0.00 (0.25) |
−0.31 (0.26) |
−0.25 (0.26) |
0.02 (0.24) |
−0.13 (0.31) |
0.06 (0.46) |
−0.02 (0.39) |
| Minor abroad | −0.56 *** (0.22) |
−0.45 * (0.25) |
0.32 (0.22) |
−0.28 (0.21) |
−0.78 *** (0.27) |
−0.07 (0.40) |
−0.57 * (0.34) |
| Age | 0.12 (0.08) |
−0.20 ** (0.08) |
0.03 (0.09) |
0.24 *** (0.08) |
0.19 ** (0.10) |
0.30 ** (0.15) |
0.16 (0.13) |
| Age squared | 0.00 (0.00) |
0.00 ** (0.00) |
0.00 (0.00) |
0.00 ** (0.00) |
0.00 (0.00) |
0.00 (0.00) |
0.00 (0.00) |
| Low Education | −0.50 *** (0.20) |
−0.53 *** (0.21) |
−0.12 (0.20) |
−0.08 (0.18) |
−0.71 *** (0.24) |
−0.16 (0.35) |
−0.68 * (0.30) |
| Years in NC | 0.08 *** (0.03) |
−0.01 (0.03) |
−0.02 (0.03) |
0.00 (0.03) |
0.07 ** (0.04) |
−0.05 (0.05) |
0.06 (0.05) |
| Internal Migrant | 0.17 (0.20) |
−0.13 (0.21) |
0.06 (0.20) |
0.22 (0.18) |
0.07 (0.24) |
0.48 (0.35) |
0.43 (0.30) |
| Speaks English well | 0.72 * (0.41) |
−1.07 ** (0.48) |
−0.54 (0.46) |
−0.18 (0.38) |
1.12 ** (0.47) |
−0.58 (0.70) |
0.26 (0.59) |
| Undocumented | −0.35 (0.35) |
−0.07 (0.35) |
0.61 (0.38) |
−0.06 (0.31) |
−0.27 (0.40) |
0.20 (0.60) |
0.38 (0.51) |
| HH earnings (log) | 0.95 *** (0.25) |
0.35 *** (0.14) |
0.37 ** (0.16) |
0.06 (0.09) |
0.52 *** (0.10) |
0.18 (0.15) |
0.52 *** (13.00) |
| Paid in cash | −2.08 *** (0.35) |
0.45 * (0.25) |
−0.58 ** (0.28) |
−0.32 (0.24) |
−2.14 *** (0.31) |
−0.63 (0.46) |
−0.88 ** (0.39) |
| Long time horizon | 0.30 (0.21) |
−0.12 (0.22) |
0.71 *** (0.20) |
0.34 * (0.19) |
0.74 ** (0.26) |
1.14 *** (0.39) |
1.03 *** (0.33) |
| Intercept | −7.74 *** (2.01) |
0.21 (1.49) |
−4.85 ** (1.71) |
−5.86 *** (1.43) |
−2.78 * (1.70) |
−3.70 (2.51) |
−1.39 (2.12) |
| Chi/R sq. | 217.12 | 54.31 | 71.29 | 85.07 | 0.25 | 0.12 | 0.14 |
***
p<.01
**
p<.05
*
p<.10