Table 9. Reduced-form SRHS regression: HRS versus simulated samples.
| HRS sample | Simulated data | ||||
|---|---|---|---|---|---|
| Est. | SE | Mean | SD | [1%; 99%] | |
| Female | −0.099 | (0.048) | −0.060 | (0.046) | [−0.172; 0.054] |
| Age spline, 60–69 | 0.016 | (0.010) | 0.002 | (0.010) | [−0.022; 0.026] |
| Age spline, 70–79 | 0.040 | (0.015) | 0.042 | (0.015) | [0.007; 0.078] |
| Age spline, 80–89 | −0.052 | (0.080) | −0.005 | (0.063) | [−0.153; 0.158] |
| Nonwhite | 0.040 | (0.067) | 0.129 | (0.066) | [−0.019; 0.285] |
| Hispanic | 0.197 | (0.095) | 0.133 | (0.091) | [−0.061; 0.364] |
| Education < HS | 0.184 | (0.065) | 0.139 | (0.062) | [−0.006; 0.283] |
| Education > HS | 0.004 | (0.055) | −0.111 | (0.057) | [−0.237; 0.012] |
| SRHS, lag 1 | 1.029 | (0.042) | 0.822 | (0.031) | [0.752; 0.892]a |
| SRHS, lag 2 | 0.531 | (0.040) | 0.493 | (0.031) | [0.421; 0.562] |
| SRHS, lag 3 | 0.351 | (0.039) | 0.300 | (0.031) | [0.230; 0.375] |
| SRHS, lag 4 | 0.263 | (0.038) | 0.190 | (0.033) | [0.116; 0.268] |
| SRHS, lag 5 | 0.084 | (0.036) | 0.125 | (0.031) | [0.050; 0.195] |
| SRHS, lag 6 | 0.129 | (0.033) | 0.096 | (0.030) | [0.026; 0.170] |
a
Est. parameter for HRS ∉ simulated [1%; 99%] interval