Longitudinal evidence on financial expectations in Albania: Do remittances matter?
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.
|Date of creation:||14 Dec 2010|
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|Note:||View the original document on HAL open archive server: http://hal.archives-ouvertes.fr/hal-00546296/en/|
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- Ada Ferrer-i-Carbonell & Paul Frijters, 2004. "How Important is Methodology for the estimates of the determinants of Happiness?," Economic Journal, Royal Economic Society, vol. 114(497), pages 641-659, 07.
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