Table 6.
Robustness Check: What Came First.
VARIABLES | (1) | (2) | (3) | (4) |
---|---|---|---|---|
Macroeconomic Environment: Logged future GDP per Capita (2013–2017) | ||||
Pos. Recip. | 0.053 *** | |||
(0.017) | ||||
Neg. Recip. | 0.102 *** | |||
(0.018) | ||||
Altruism | −0.002 | |||
(0.016) | ||||
Trust | 0.104 *** | |||
(0.020) | ||||
Age | 0.019 *** | 0.020 *** | 0.020 *** | 0.019 *** |
(0.002) | (0.002) | (0.002) | (0.001) | |
Math skill | 0.056 *** | 0.054 *** | 0.058 *** | 0.051 *** |
(0.005) | (0.005) | (0.005) | (0.005) | |
Female | 0.073 *** | 0.087 *** | 0.076 *** | 0.071 *** |
(0.013) | (0.013) | (0.013) | (0.013) | |
Number of observations | 55,764 | 55,156 | 55,178 | 55,291 |
Adjusted | 0.091 | 0.098 | 0.088 | 0.098 |
Note: This table reports the estimation results for the effect of economic preferences on future economic environment. One country’s future macroeconomic environment is measured by the average real consumption per capita in 2013–2017 of the country where the person lives in. Columns (1) to (4) each report one economic preference result, respectively. Standard errors clustered at the sub-national region level are reported in the parentheses. *** denote statistical significance at the levels, respectively.