Table 5.
Grouping test results II.
|
(12) Age ≤ 40 |
(13) 40 < age ≤ 60 |
(14) Age > 60 |
|
|---|---|---|---|
| Education | 0.2558 (2.28)** | 0.0183 (0.24) | −0.1610 (−0.83) |
| Age | −0.0387 (−4.96)*** | −0.0218 (−3.34)*** | −0.0249 (−4.90)*** |
| Income | 0.0327 (3.35)*** | 0.0785 (5.65)*** | 0.2132 (3.03)*** |
| Sex | −0.1255 (−1.63) | 0.0892 (1.97)** | 0.0870 (1.00) |
| Marriage | 0.1083 (1.07) | 0.2880 (3.50)*** | 0.0744 (0.79) |
| Work | 0.3094 (3.35)*** | 0.2242 (2.90)*** | 0.2786 (2.84)*** |
| Log likelihood | −1788.0027 | −3617.5107 | −2690.1974 |
| P-value (LR) | 0.0002 | 0.0001 | 0.0000 |
| Standard deviation | 1.9428 | 2.0010 | 1.8666 |
| Skewness | −1.5080 | 0.0964 | −0.3501 |
| Kurtosis | 4.6272 | 1.8673 | 2.3516 |
*, **, and ***
are significant at the 10, 5, and 1% levels, respectively. T-statistics is reported in brackets. The table reports LR test of ordinary OP model only, and P-value results from LR test.