Longitudinal evidence on financial expectations in Albania

Laetitia Duval and François-Charles Wolff

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: This article focuses on the effect 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.

Keywords: Albania; income expectations; longitudinal data; remittances (search for similar items in EconPapers)
Date: 2012-01
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Citations: View citations in EconPapers (5)

Published in Economics of Transition, 2012, 20 (1), pp.137-161. ⟨10.1111/j.1468-0351.2011.00413.x⟩

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Journal Article: Longitudinal evidence on financial expectations in Albania (2012)
Working Paper: Longitudinal evidence on financial expectations in Albania (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:hal-03185432

DOI: 10.1111/j.1468-0351.2011.00413.x

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