Table 3.
Low Income (<150% FPL) | Moderate Income (175-300% FPL) | |||
---|---|---|---|---|
Coefficient | SE | Coefficient | SE | |
Economic Index | −0.08 | 0.18 | 0.16 | 0.25 |
Sample Size | 5,973 | 5,739 | ||
Mean of Y | −0.31 | 0.13 | ||
R2 | 0.30 | 0.14 | ||
Years of Education | 0.10 | 0.64 | 0.87 | 0.71 |
Continuous Income to Poverty Ratio | −1.04 | 0.84 | −2.04 | 2.20 |
Decile of Family Wealth | −0.17 | 0.74 | 1.50* | 0.83 |
Source: PSID 1968-2009. All parameters are from separate regressions. Models include a quadratic in age, gender, race, marital status, the full set of contextual controls described in the text, interview year fixed effects, state of birth fixed effects, and year of birth fixed effects. See text for an explanation of the analytical sample, the impact groups, and construction of the SES index. All estimates are weighted and standard errors are clustered on state of birth.
p<0.1
**p<0.05
***p<0.01