Table 5.
Self-control | 1974–1979 (prerecession) | 1980–1982 (postrecession) | Difference (postrecession – prerecession) | Difference in difference (relative to low self-control) |
---|---|---|---|---|
Low | 0.061 (0.002) | 0.092 (0.003) | 0.031 (0.003) | — |
Medium | 0.050 (0.001) | 0.072 (0.002) | 0.022 (0.002) | 0.009 (0.002)** |
High | 0.041 (0.002) | 0.058 (0.002) | 0.017 (0.003) | 0.014 (0.003)** |
Note: The table presents predicted probabilities calculated after a Probit regression, clustered by individual to account for nonindependence of repeated observations. Robust standard errors are given in parentheses. Gender, intelligence, social class, and a time trend were included in the analysis, but results for these predictors are not shown. Low self-control was defined as scoring 1 standard deviation below the mean on the standardized self-control measure, medium self-control was defined as scoring at the mean on this measure, and high self-control was defined as scoring at the maximum of 0.83 standard deviations above the mean.
p < .01.