Explained Variables

Model (1): OLS Regression

Model (2): 2SLS Regression

ln_leisure_con

ln_leisure_con

social_stra

0.0465***

1.428**

(3.32)

(3.28)

gender

−0.102***

−0.0109

(−3.63)

(−0.23)

age

0.0254***

0.0292***

(4.15)

(3.49)

squ_age

−0.000161*

−0.000379***

(−2.57)

(−3.48)

married

−0.00298

0.00603

(−0.07)

(0.10)

eduy

0.0391***

0.0337***

(12.81)

(7.57)

health

0.0783*

−0.189*

(2.40)

(−1.99)

urban

0.453***

0.670***

(14.32)

(8.33)

nfamily

−0.0369***

−0.0578***

(−4.89)

(−4.77)

manager

0.413***

0.142

(4.97)

(1.01)

employed

−0.0493

−0.113*

(−1.49)

(−2.29)

netdummy

0.518***

0.619***

(13.36)

(10.11)

income

0.0118***

0.00866***

(14.12)

(5.74)

asset

0.00358***

0.00321***

(27.77)

(15.34)

debts

0.00124

−0.0109

(0.04)

(−0.28)

_cons

4.875***

1.507

(34.83)

(1.40)

N

11754

11754