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. Author manuscript; available in PMC: 2011 Nov 1.
Published in final edited form as: Econ J (London). 2010 Nov 1;120(549):F363–F380. doi: 10.1111/j.1468-0297.2010.02394.x

Table 6.

Relationship of Household Wealth Holdings to Cognition of Both Financial and Non-Financial Respondents 2006 sample of married couples Quantile Models (wealth in thousands of dollars)

25th Quantile Median 75th Quantile
Coef. t Coef. t Coef. t
Female 0.000 0.00 0.295 0.05 −1.129 0.09
Hispanic 11.220 1.77 40.507 3.96 87.513 4.40
Non-white −31.614 6.05 −38.196 4.48 −92.610 5.50
Fin resp. age 8.819 3.77 10.449 2.64 22.667 3.48
Fin resp. age squared −0.042 2.49 −0.042 1.47 −0.126 2.57
Fin resp. education 2.826 4.15 5.548 4.95 14.400 6.14
Fin respondent −0.000 0.00 −0.295 0.05 −0.753 0.07
Total average income 2.740 121.39 5.144 139.36 6.539 94.54
Average income squared −0.000 69.99 −0.001 91.81 −0.000 85.24
% income due to male 4.065 0.68 −4.788 0.46
Non-fin resp. age 8.819 3.77 3.927 1.39 21.472 3.32
Non-fin resp. age squared −0.042 2.49 −0.017 0.76 −0.119 2.43
Non-fin resp. education 2.132 3.23 3.221 2.88 14.355 6.16
Financial Respondent
TICS Mental Status −0.916 0.78 0.820 0.42 −5.039 1.35
Word Recall 1.880 1.65 1.779 0.95 0.653 0.19
Numeracy 11.486 5.42 21.001 5.92 33.964 5.14
Non-Financial Respondent
TICS Mental Status 1.324 1.32 4.140 2.48 −8,387 2.73
Word Recall 4.656 4.12 6.388 3.42 0.204 0.06
Numeracy 3.224 1.51 4.658 1.28 17.251 2.49
Cons −895.353 11.13 −910.391 6.27 −1253.562 7.88
N 11,688 11,688 11,688
90th Quantile
Coef. t
Female −2.588 0.14
Hispanic 135.679 4.05
Non-white −107.618 3.97
Fin resp. age 8.571 0.59
Fin resp. age squared 0.276 0.27
Fin resp. education 6.630 1.70
Financial respondent 2.588 0.14
Total average income 13.320 100.33
Average income squared −0.002 88.62
% income due to male 18.137 0.46
Non-fin resp. age 13.686 1.44
Non-fin resp. age squared −0.080 1.12
Non-fin resp. education 10.681 2.63
Financial Respondent
TICS Mental Status −6.885 1.03
Word Recall 15.203 2.37
Numeracy 65.001 5.15
Non-Financial Respondent
TICS Mental Status 11.140 1.92
Word Recall −19.194 3.02
Numeracy 55.260 4.20
Cons −1305.424 2.40
N 11,688