Table 3.
Regression of Log Net Worth for Four Groups of Marital Status and Sex
| Variable | Married Men | Single Men | Married Women | Single Women |
|---|---|---|---|---|
| Age | 0.091 (1.84)+ | 0.335 (2.14)* | 0.109 (1.56) | 0.222 (2.24)* |
| Age squared | −0.001 (2.14)* | −0.003 (2.37)* | −0.001 (1.67)+ | −0.002 (2.98)** |
| Dummy: urban | 0.080 (0.83) | −0.765 (2.30)* | −0.005 (0.05) | −0.302 (1.43) |
| Poor health around age 10 | −0.046 (0.35) | 0.439 (0.96) | −0.263 (1.75)+ | 0.086 (0.28) |
| Had toilet around age 10 | −0.063 (0.69) | 0.301(0.90) | 0.020 (0.19) | −0.113 (0.56) |
| Education (1 to 5 years) (reference: 0 years) | 0.319 (3.03)** | −0.171 (0.47) | 0.314 (2.77)** | 0.674 (3.04)** |
| Education (6 years) | 0.562 (4.36)** | −0.503 (1.05) | 0.379 (2.59)** | 1.160 (3.99)** |
| Education (≥7 years) | 0.866 (5.78)** | 0.831 (1.52) | 0.887 (4.73)** | 1.238 (3.42)** |
| Age at first marriage | 0.002 (0.27) | −0.027 (1.19) | 0.015 (1.68)+ | 0.024 (1.26) |
| Number of marriages | −0.141 (2.24)* | −0.356 (1.72)+ | −0.376 (3.10)** | 0.003 (0.02) |
| Dummy: bad marriage information | −0.311 (0.54) | −0.821 (0.98) | 1.080 (1.90)+ | 0.946 (1.62) |
| Number of children | 0.034 (2.66)** | 0.032 (0.74) | 0.036 (2.41)* | 0.096 (3.34)** |
| Highest education among children | 0.085 (8.81)** | 0.095 (3.07)** | 0.085 (7.96)** | 0.048 (2.55)* |
| Age at first job | −0.006 (0.72) | 0.027 (0.91) | −0.002 (0.53) | 0.004 (0.45) |
| Percentage of life worked | 0.253 (0.99) | −0.082 (0.09) | −0.066 (0.31) | −0.208 (0.54) |
| Class of worker: upper white collar (reference: agricultural workers and unemployed) | 0.557 (3.36)** | 0.836 (1.40) | 0.441 (1.86)+ | 0.720 (1.51) |
| Class of worker: lower white collar | −0.164 (0.71) | −0.479 (0.51) | 0.119 (0.49) | 0.086 (0.17) |
| Class of worker: upper blue collar | 0.164 (1.28) | 0.065 (0.15) | 0.132 (0.67) | 0.484 (1.26) |
| Class of worker: lower blue collar | −0.249 (2.21)* | −0.571 (1.50) | −0.119 (0.82) | −0.619 (2.08)* |
| Former migrant to the United States | 0.282 (2.78)** | 0.651 (1.81)+ | 0.342 (1.28) | 0.579 (1.33) |
| Constant | 7.681 (4.85)** | 0.461 (0.09) | 7.168 (3.26)** | 3.090 (0.92) |
| Number of observations | 4,443 | 843 | 3,726 | 2,668 |
| R2 | .08 | .08 | .07 | .07 |
Source: Authors’ calculations using the 2001 Mexican Health and Aging Study.
Note: Absolute values of t statistics are in parentheses.
+
Significant at 10%.
*
Significant at 5%.
**
Significant at 1%.