Table 4.
Total Wealth | Total Financial Wealth | Percent in Stocka | ||||
---|---|---|---|---|---|---|
Coef. | t | Coef. | t | Coef. | t | |
Female | 0.763 | 0.15 | 0.141 | 0.05 | 0.002 | 0.00 |
Hispanic | 28.408 | 2.88 | −13.496 | 2.67 | 0.227 | 0.29 |
Non-white | −55.034 | 6.69 | −31.643 | 7.53 | −1.767 | 2.76 |
Fin resp. Age | 9.293 | 2.43 | 4.210 | 2.16 | −0.472 | 1.60 |
Fin resp. Age squared | −0.038 | 1.39 | −0.018 | 1.25 | 0.006 | 2.60 |
Fin resp. Education | 6.804 | 6.30 | 1.580 | 2.86 | 0.788 | 9.49 |
Financial respondent | −1.044 | 0.19 | −0.825 | 0.31 | −0.035 | 0.09 |
Total average income | 3.350 | 93.68 | 1.358 | 74.29 | 0.012 | 4.06 |
Average Income squared | −0.000 | 45.99 | −0.000 | 42.37 | −2.34E-06 | 4.58 |
% Income due to male | 12.18 | 1.34 | 5.974 | 1.18 | 3.839 | 5.07 |
Non-Fin resp. age | 10.266 | 3.76 | 4.656 | 3.34 | −0.206 | 0.96 |
Non-Fin resp. age squared | −0.063 | 2.95 | −0.027 | 2.51 | 0.002 | 1.19 |
Non-Fin resp. education | 5.779 | 5.35 | 2.958 | 5.36 | 0.450 | 5.40 |
Financial Respondent | ||||||
TICS Mental Status | 0.395 | 0.21 | −0.995 | 1.03 | −0.410 | 2.76 |
Word Recall | 4.741 | 2.62 | 4.237 | 4.58 | −0.052 | 0.38 |
Numeracy | 21.680 | 6.33 | 11.147 | 6.37 | 1.467 | 5.66 |
Non-Financial Respondent | ||||||
TICS Mental Status | 5.524 | 3.43 | 0.973 | 1.18 | 0.142 | 1.13 |
Word Recall | 8.444 | 4.69 | 2.945 | 3.20 | 0.132 | 0.97 |
Numeracy | 3.952 | 1.12 | 3.103 | 1.73 | 1.112 | 4.19 |
Total wealth | 0.002 | 12.07 | ||||
Cons | −1065.55 | 7.61 | −472.62 | 6.60 | −0.913 | 0.08 |
N | 11,688 | 11,688 | 10,876 |
Percent in stocks estimated with OLS.