Table 3.
OLS regressions predicting percentile of net worth
| Model 1 | Model 2 | |||
|---|---|---|---|---|
| Elderly Household | 21.7*** | (0.80) | 23.4*** | (0.72) |
| Race/Ethnicity (ref. = white) | ||||
| Black | −11.60*** | (0.41) | ||
| Hispanic | −10.70*** | (0.47) | ||
| Other race/ethnicity | −7.03*** | (0.64) | ||
| Education (ref. = high school diploma) | ||||
| No high school diploma | −7.17*** | (0.34) | ||
| Some college | 4.75*** | (0.35) | ||
| Bachelor’s degree or higher | 18.00*** | (0.43) | ||
| Household Structure (ref. = married) | ||||
| Single male | −8.64*** | (0.44) | ||
| Single female | −11.09*** | (0.33) | ||
| Year (ref. = 2007) | ||||
| 1989 | 1.41 | (1.02) | 1.80* | (0.87) |
| 1992 | 0.18 | (0.92) | −0.18 | (0.85) |
| 1995 | 0.04 | (0.70) | 0.16 | (0.70) |
| 1998 | 0.28 | (0.90) | 0.17 | (0.74) |
| 2001 | 0.99 | (0.90) | 0.77 | (0.78) |
| 2004 | 0.74 | (0.77) | 0.15 | (0.66) |
| 2010 | −0.69 | (0.66) | −0.45 | (0.57) |
| 2013 | −0.02 | (0.77) | −0.04 | (0.67) |
| Year × Elderly (ref. = 2007) | ||||
| 1989 × Elderly | −3.21* | (1.53) | 0.14 | (1.42) |
| 1992 × Elderly | 0.61 | (1.28) | 3.97*** | (1.11) |
| 1995 × Elderly | 0.62 | (1.19) | 2.08 | (1.13) |
| 1998 × Elderly | 1.24 | (1.27) | 2.30* | (1.11) |
| 2001 × Elderly | −0.13 | (1.25) | 0.09 | (0.97) |
| 2004 × Elderly | −0.87 | (1.45) | −0.16 | (1.27) |
| 2010 × Elderly | 3.06** | (1.13) | 1.88* | (0.84) |
| 2013 × Elderly | 2.53* | (1.09) | 1.45 | (0.94) |
| Intercept | 42.49 | (0.55) | 44.55 | (0.58) |
| Sample Size | 24,074 | 24,074 |
Notes: All estimates are weighted. Standard errors are shown in parentheses.
*
p < .05;
**
p < .01;
***
p < .001