Table 4.
Association of the End of Life Index with the Time Discount Rate for Older HRS Respondents
End of Life Index | ||||||
---|---|---|---|---|---|---|
Discount rate | −0.599 | *** | −0.202 | −0.190 | ||
(0.164) | (0.159) | (0.162) | ||||
Age | 0.030 | ** | 0.029 | ** | ||
(0.012) | (0.012) | |||||
Male | −0.140 | −0.177 | ||||
(0.115) | (0.119) | |||||
White | 0.544 | *** | 0.521 | *** | ||
(0.149) | (0.149) | |||||
Hispanic | −0.710 | *** | −0.661 | *** | ||
(0.164) | (0.171) | |||||
Education years | 0.106 | *** | 0.102 | *** | ||
(0.020) | (0.020) | |||||
Married | −0.313 | *** | −0.340 | *** | ||
(0.111) | (0.115) | |||||
Cognition score | 0.021 | 0.020 | ||||
(0.014) | (0.014) | |||||
Christian | 0.332 | 0.301 | ||||
(0.259) | (0.255) | |||||
Jewish | 0.627 | 0.576 | ||||
(0.483) | (0.480) | |||||
Procrastinator score | −0.008 | −0.008 | ||||
(0.015) | (0.015) | |||||
Optim10+ | −0.027 | −0.030 | ||||
(0.106) | (0.108) | |||||
Have living children | 0.283 | 0.261 | ||||
(0.235) | (0.234) | |||||
Leave any bequest | 0.081 | 0.056 | ||||
(0.122) | (0.125) | |||||
Poor health index | 0.059 | |||||
(0.060) | ||||||
Mental shortfall | 0.274 | |||||
(0.234) | ||||||
Ln(HH income) | 0.070 | |||||
(0.054) | ||||||
Intercept | 1.973 | *** | −3.126 | *** | −3.608 | *** |
(0.105) | (1.064) | (1.182) | ||||
N | 487 | 487 | 487 | |||
R-squared | 0.026 | 0.256 | 0.261 | |||
Mean of dep. var. | 1.655 | |||||
Std.dev. of dep. var. | 1.264 |
See notes to Table 1.