(1)

(2)

Mixed regression

Fixed effect

VARIABLES

con_struc

con_struc

lnhp

−0.0313***

−0.213***

(0.00473)

(0.0394)

max_edu

0.00409***

−0.000214

(0.000600)

(0.00159)

youngratio

−0.0375***

−0.000978

(0.0143)

(0.0309)

oldratio

0.0187**

−0.0274

(0.00816)

(0.0224)

lnfincome_per

−0.0128***

−0.00847***

(0.00221)

(0.00317)

lnpce

0.0261***

0.00869

(0.00353)

(0.00604)

f_num

0.00466***

0.0107**

(0.00150)

(0.00465)

Constant

0.361***

2.093***

(0.0434)

(0.327)

Observations

9052

9052

R-squared

0.033

0.016