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. Author manuscript; available in PMC: 2012 Feb 1.

Published in final edited form as: Empir Econ. 2011 Feb 1;40(1):119–140. doi: 10.1007/s00181-010-0422-3

Table 5. SRHS models: parameter estimates.

	Females			Males

	(1) Indep.	(3) RE	AR(1)	(1) Indep.	(3) RE	AR(1)
Age spline, 50–59	0.032^** (0.003)	0.081^** (0.005)	0.091^** (0.006)	0.041^** (0.004)	0.096^** (0.006)	0.106^** (0.007)
Age spline, 60–69	0.021^** (0.003)	0.046^** (0.004)	0.046^* (0.005)	0.019^** (0.003)	0.059^** (0.004)	0.059^** (0.006)
Age spline, 70–79	0.040^** (0.003)	0.086^** (0.005)	0.098^** (0.006)	0.048^** (0.004)	0.095^** (0.006)	0.108^** (0.007)
Age spline, 80–89	0.036^** (0.005)	0.109^** (0.006)	0.115^** (0.008)	0.023^** (0.006)	0.102^** (0.009)	0.106^** (0.011)
Age spline, 90+	−0.036^** (0.012)	0.041^** (0.014)	0.045^* (0.018)	−0.093^** (0.020)	−0.066^* (0.028)	−0.080^* (0.034)
Nonwhite	0.656^** (0.019)	1.191^** (0.057)	1.351^** (0.065)	0.476^** (0.023)	0.825^** (0.063)	0.936^** (0.072)
Hispanic	0.764^** (0.026)	1.341^** (0.077)	1.518^** (0.088)	0.478^** (0.030)	0.837^** (0.083)	0.935^** (0.095)
Education <HS	0.740^** (0.018)	1.131^** (0.053)	1.327^** (0.061)	0.544^** (0.021)	0.830^** (0.060)	0.992^** (0.069)
Education > HS	−0.446^** (0.017)	−0.760^** (0.052)	−0.877^** (0.060)	−0.507^** (0.019)	−0.844^** (0.059)	−0.980^** (0.068)
σ		2.453^** (0.019)	2.978^** (0.028)		2.365^** (0.021)	2.901^** (0.032)
ρ			0.946^** (0.002)			0.941^** (0.002)
Individuals	16,273	16,273	16,273	12,840	12,840	12,840
Observations	70,341	70,341	70,341	53,526	53,526	53,526
Log likelihood	−102,265.5	−86, 756.3	−86,281.4	−78,601.7	−67, 827.5	−67,437.6

Standard errors (clustered by respondent) in parentheses

Different from 0 at * 5% and ** 1% significance level