. Author manuscript; available in PMC: 2022 Dec 1.

Published in final edited form as: Rev Econ Househ. 2021 Jan 8;19(4):959–985. doi: 10.1007/s11150-020-09528-5

Table D3:

Heterogeneity due to Great Recession^a

		$C_{i t}^{m}$		H _itm		H _{it f}
		Coeff.	S.E.	Coeff.	S.E.	Coeff.	S.E.
$γ_{1}^{j m}$	R _itm	−0.10**	0.04	3.33***	0.77	−1.05	0.69
$γ_{2}^{j m}$	R_itm · 1(GR_itm)^b	−0.10**	0.04	0.67	1.04	0.20	1.30
$γ_{1}^{j f}$	R _{it f}	−0.11**	0.05	−0.04	0.69	2.97***	0.99
$γ_{2}^{j f}$	R_{it f} · 1(GR_{it f})^b	0.08*	0.05	−0.28	1.27	0.36	1.33

* Significant at the 0.10 level; ** at the 0.05 level; *** at the 0.01 level. Standard errors are clustered at the individual level. j = c,hm,h f. k = m, f. Consumption is the Inverse Hyperbolic Sine transformation of spending on non-durable consumption per year excluding clothing and transport spending or excluding drugs, health services, and medical supplies. Home production is the sum of hours spend in home production activities per week. All regressions include the variables included in the baseline model. The Simulated Maximum Likelihood is ran with 100 Halton draws.

The variable GR equals one if for the waves 2009 and 2011 and equals zero for the waves 2005 and 2007.