The impact of a private sector living wage intervention on consumption and cardiovascular disease risk factors in a middle income country

Table 2 Matched analysis of the effects of the living wage factory on household earnings, savings and debt.

	Treatment Effect	Standard error	T-statistic	p-value
Income and savings
Monthly household income (RD$)	13454	2460	5.5	<0.001
Monthly savings (RD$)	2578	714	3.6	<0.001
Debt
Total debt (RD$)	19737	4611	4.3	<0.001
Loan source is bank	66	0.23	2.8	0.0054
Overdue payments on debt	-38	0.11	3.4	<0.001

Table notes: Values for monthly household income, monthly savings and total debt are shown in Dominican pesos. Overdue payments on debt is for the past year and is among individuals who have debt (n=198). Loan source is bank is a yes/no variable and is among individuals reporting having a loan (n=104). Treatment effect is an absolute difference taken by subtracting the mean in the control factory from the mean of the treatment factory. For loan source is bank and overdue payment on debt, differences are in percentage points.

ISSN: 1471-2458