Table 6.
Grouping test results III.
|
(15) Age ≤ 40 |
(16) 40 < age ≤ 60 |
(17) Age > 60 |
(18) Age ≤ 40 |
(19) 40 < age ≤ 60 |
(20) Age > 60 |
|
|---|---|---|---|---|---|---|
| Education | 0.2107 (1.85)* | 0.0517 (0.72) | −0.1453 (−0.81) | 0.2481 (2.42)** | 0.0578 (0.78) | −0.0179 (−0.07) |
| Happiness | 0.3023 (2.69)*** | 0.3529 (6.90)*** | 0.4572 (5.50)*** | |||
| Income | 0.0024 (2.24)** | 0.0632 (4.76)*** | 0.1238 (3.82)*** | 0.0255 (2.29)** | 0.0796 (6.99)*** | 0.2718 (7.53)*** |
| Sex | 0.1311 (1.77)* | 0.0921 (2.34)** | 0.2071 (2.64)*** | −0.1578 (−1.75)* | 0.0724 (1.79)* | 0.0252 (0.31) |
| Marriage | −0.1934 (−1.42) | 0.1752 (2.71)*** | 0.1481 (1.47) | −0.2293 (−2.40)** | 0.2873 (4.55)*** | 0.1466 (1.74)* |
| Work | 0.2821 (1.67)*** | 0.1792 (3.65)*** | 0.2937 (2.89)*** | 0.3698 (2.48)** | 0.2418 (4.33)*** | 0.2451 (2.38)** |
| Log likelihood | −1925.4324 | −3524.9133 | −2563.1475 | −1805.8096 | −3634.4103 | −2693.4222 |
| P-value (LR) | 0.0001 | 0.0000 | 0.0000 | 0.0001 | 0.0000 | 0.0000 |
| Standard deviation | 1.1736 | 1.8933 | 2.0413 | 1.5089 | 2.0989 | 2.3351 |
| Skewness | −0.3732 | 0.4331 | 0.5807 | −1.4094 | −0.0558 | −0.3307 |
| Kurtosis | 3.0074 | 1.9891 | 2.5003 | 4.3405 | 1.6487 | 1.8647 |
*, **, 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.