Longitudinal evidence on financial expectations in Albania: Do remittances matter?
نویسندگان
چکیده
This paper focuses on the role of remittances on financial expectations in Albania using longitudinal data covering the period 2002-2004. To study the dynamics of income satisfaction at the household level, we use subjective data on past, current and future financial situations and estimate random and fixed effect ordered Probit models. We find that households are more optimistic about the future when they have experienced an improvement in their financial situation in the past and when they have received private transfers from foreign countries. JEL Classification: D10, I32, 015
منابع مشابه
Remittances matter: Longitudinal evidence from Albania
Using the LSMS panel data collected by the World Bank in Albania from 2002 to 2004, this paper focuses on the determinants and financial implication of remittances sent by family members and adult children living abroad. Our econometric analysis draws on random and fixed effects discrete choice models. We find that the proportion of households receiving remittances is large. These transfers are...
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