Table 4:
Average Household EA Score and Household Wealth
| Dep. Var: Log Wealth | [1] | [2] | [3] | [4] | [5] | [6] | [7] |
|---|---|---|---|---|---|---|---|
| EA Score | 0.246*** (0.022) | 0.221*** (0.020) | 0.218*** (0.020) | 0.085*** (0.021) | 0.070*** (0.023) | 0.179*** (0.020) | 0.047** (0.022) |
| Male Educ | 0.061*** (0.009) | ||||||
| Female Educ | 0.122*** (0.010) | ||||||
| Log Income | 0.316*** (0.039) | 0.263*** (0.038) | |||||
| Obs. | 5621 | 5621 | 5621 | 5621 | 5621 | 5308 | 5308 |
| R2 | 0.054 | 0.251 | 0.279 | 0.368 | 0.435 | 0.349 | 0.479 |
| Standard Controls | X | X | X | X | X | X | |
| Principal Comp. | X | X | X | X | X | ||
| Years of Educ. | X | ||||||
| Full Educ. Controls | X | X |
Notes: This table presents estimates from regressions of log household wealth on average household EA score and varying sets of controls. Column [1] includes no controls. Column [2] includes controls for age, birth cohort, sex of respondent, and calendar year, as described in Section 4.2. Column [3] adds controls for principal components of the genetic data for genotyped household members. Column [4] adds years of education separately for both female and male household members. Column [5] replaces the two schooling variables with our full set of education controls (dummies for years of education, degree dummies and interactions as described in Section 4.2). Column [6] includes the log of total household income, but excludes any controls for education. Column [7] includes our full set of controls including the detailed education variables and the log of total household income. Significance stars ***, **, and * indicate statistical significance at the 0.01, 0.05, and 0.10 levels, respectively. Standard errors are clustered at the family level.