Effect of Current Residency Regions across Socio-Economic and Demographic Factors on Current Subjective Financial Situation in Egyptian Population

To the best of our knowledge, no study has been undertaken concerning the role which residency plays in determining poverty level in Egypt as a developing country. Therefore, this paper explores the impact of current residency regions for Egyptian households on current subjective financial situation as an indicator of poverty level across demographic and socio-economic factors. Residency regions involve less developed and developed areas in Egypt and residency in Italy as international migration. The data set was obtained from Netherlands Interdisciplinary Demographic Institute that was collected by local research teams in Egypt and Italy. Questionnaires information was concurrently collected from domestic and migrant households in a manner that comparable survey instruments in both countries share the same basic modular design and layout. Ordered logit model is constructed to analyze these data since the response variable in this study is expressed in four categories which have natural ordering. The results indicate that migration to Italy and moving from less developed to developed regions in Egypt enhance current subjective financial situation. Improved past financial situation is an indicator for acquiring better current financial situation which is obvious in less developed regions more than developed regions and Italy. Households migrated to Italy and have current work improved their current subjective financial situation.