. 2017 Aug 21;114(36):E7432–E7440. doi: 10.1073/pnas.1708505114

Table 4.

Results for models of migration using the risk aversion threshold

	Risk aversion			Risk aversion and demographics			Risk aversion, demographics, and endowment
	Odds ratio	SE	Z	Odds ratio	SE	Z	Odds ratio	SE	Z
Risk aversion ≥6	0.569	0.050	−6.44^***	0.655	0.060	−4.65^***	0.682	0.063	−4.15^***
Age
Age				0.914	0.027	−3.09^**	0.923	0.027	−2.69^**
Age squared				1.001	0.000	1.99^*	1.001	0.000	2.47^*
Sex (reference male)
Female				1.107	0.072	1.55	1.168	0.078	2.32^*
Family status (reference couple w/o children)
Couple w/ children				0.699	0.104	−2.42^*	0.762	0.113	−1.83
Single parent				0.393	0.239	−1.54	0.302	0.192	−1.88
Lone person				0.676	0.403	−0.66	0.529	0.332	−1.01
Marital status (reference other)
Legally married				0.524	0.311	−1.09	0.507	0.317	−1.09
Cohabiting				0.538	0.315	−1.06	0.404	0.250	−1.46
Couple formation and dissolution (reference none)
Formed or dissolved				1.703	0.212	4.28^***	1.654	0.210	3.97^***
Country of birth (reference other)
Native born				1.410	0.263	1.84	1.451	0.268	2.01^*
English-speaking immigrant				1.313	0.299	1.20	1.208	0.278	0.82
Highest education (reference less than high school)
Bachelor’s degree or more				1.477	0.206	2.80^**	1.619	0.236	3.30^***
Diploma				1.123	0.203	0.64	1.208	0.222	1.03
High school graduate or certificate				1.196	0.140	1.53	1.298	0.155	2.18^*
Household income (reference middle quintile)
Lowest quintile				0.920	0.169	−0.45	0.843	0.162	−0.89
Second quintile				1.040	0.172	0.23	0.980	0.168	−0.12
Fourth quintile				0.801	0.133	−1.34	0.906	0.153	−0.58
Highest quintile				0.773	0.136	−1.46	0.996	0.182	−0.02
Labor force status (reference employed)
Unemployed				1.607	0.345	2.21^*	1.417	0.302	1.64
Not in the labor force				1.224	0.153	1.62	1.150	0.146	1.10
Tenure (reference renter)
Owner							0.440	0.059	−6.08^***
Time at current address (reference under 5 y)
5–9 y							0.557	0.092	−3.53^***
10+ y							0.288	0.056	−6.43^***
Neighborhood SES (reference middle quintile)
Lowest quintile							1.050	0.179	0.29
Second quintile							1.224	0.210	1.18
Fourth quintile							1.071	0.185	0.40
Highest quintile							0.924	0.169	−0.43
Model summary
Wald χ²		41.45			255.75			352.66
df		1			21			28
P > χ²		0.000			0.000			0.000
Nagelkirke pseudo R²		0.013			0.095			0.144
Observations		7,091			7,091			7,091

P < 0.05; **P < 0.01; ***P < 0.001.