Table 6.
Linear Probability Model of Graduation from Academic Upper-Secondary Track (0/1) on Family Wealth and Control Variables.
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | ||
|---|---|---|---|---|---|---|---|---|
| All GPs’ net worth, rank | 0.2735*** | 0.1140*** | 0.0230*** | 0.0653*** | 0.0297*** | 0.0310*** | −0.0042 | |
| Ps’ net worth, rank | 0.1950*** | 0.1078*** | 0.1008*** | 0.0280*** | ||||
| GPA rank | 0.7487*** | 0.7306*** | ||||||
| Gender, immigration, birth years, deaths | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| GP SES | Yes | Yes | Yes | Yes | Yes | Yes | ||
| GP divorced/es | Yes | Yes | Yes | Yes | Yes | Yes | ||
| Ps’ SES | Yes | Yes | Yes | |||||
| P Divorced/es | Yes | Yes | Yes | |||||
| Fathers’ cognitive and non-cognitive | Yes | Yes | ||||||
| School characteristics | Yes | Yes | ||||||
|
| ||||||||
| # Individuals | 725,076 | 725,076 | 725,076 | 725,076 | 725,076 | 725,076 | 725,076 | |
| # Cousin FE | 353,448 | 353,448 | 353,448 | 353,448 | 353,448 | 353,448 | ||
| Adjusted R2 | 0.0728 | 0.0338 | 0.1828 | 0.0368 | 0.0493 | 0.0502 | 0.1855 | |
*
Note: Statistical significance levels at p<.05,
**
p<.01,
***
p<.001 based on two-tailed tests, standard errors adjusted for clustering within patrilineal grandparents. C = children, P = parents, GP = grandparents. This analysis is limited to cohorts born 1980–1992. The estimates are OLS regression coefficients (from a linear probability model) and have been corroborated with average marginal effects from a logit regression.