Table 5.
Robustness test results.
| (1) | (2) | (3) | (4) | (5) | (6) | |
|---|---|---|---|---|---|---|
| OLS | OLS | Logit | Logit | Probit | Probit | |
| Income | 0.027***
(4.17) |
0.112***
(4.16) |
0.070***
(4.18) |
|||
| Wage | 0.029***
(5.05) |
0.123***
(5.03) |
0.123***
(5.03) |
|||
| Control variable | YES | YES | YES | YES | YES | YES |
| _cons | 0.081 (1.21) |
0.295***
(10.13) |
−1.779***
(−6.23) |
−0.875***
(−7.05) |
−1.102***
(−6.24) |
−0.875***
(−7.05) |
| N | 9,296 | 9,296 | 9,296 | 9,296 | 9,296 | 9,296 |
| R 2 | 0.044 | 0.045 | ||||
| Adj. R2 | 0.043 | 0.044 |
t statistics in parentheses.
***
p < 0.001.