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- • Part 3 – Money left: Does your household have money left over at the end of the week after you have paid for food and other necessities? encoded as follows: 1-yes, regularly; 2-yes, sometimes; 3-no – Attention to finances: Two questions from Stango et al. (2017) whether finances would improve with more attention given to a) day-to-day finances, routine expenses such as food (short-run attention) and b) medium-run finances, periodic expenses such as school fees (medium-run attention). Binary indicators are constructed for shortrun attention and medium-run attention that are one if the household is paying attention to the respective finances. – Financial literacy: Equally weighted index of correctly answered financial literacy questions (Questions 1, 2, 3 and 6 from the World Bank’s Financial Literacy Quiz), scaled to the interval [0,1].
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- Variables from administrative data • PPI score: Ten questions that are being asked when applying for a new loan, e.g. Do all children in the family of ages six to 14 go to school? Answers are converted into points (e.g. no-0, yes-2, no children in this age range-4) and all points are added. The total score lies between zero and 100. Country-specific tables permit mapping the score to a probability of falling below a given poverty line. For instance, a PPI score of 47.5 (sample mean) indicates a 27 percent chance of being below the US$ 2.50/day/2005 PPP poverty line and a 77 percent chance of living with less than US$ 3.75 per day in 2005 PPP. • Main income: Enterprise: Is an indicator variable that takes the value one if the main income source is an enterprise. Other income sources registered in the data are employment, farming and fishing. • House size: is encoded as follows: 0-small, 1-medium, 2-large. • House strength: is encoded as follows: 0-poor, 1-medium, 2-strong.
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