|
| Logit Model (1) | Logit Model (2) | Logit Model(3) |
| Low Skill | 0 | 0 | 0 |
| High Skill (coefficient) | 1.69*** | 1.51*** | 1.30*** |
| High Skill (marginal effects) | 0.125 | 0.112 | 0.0978 |
|
| (33.30) | (29.21) | (24.83) |
| Non-Finance | 0 | 0 | 0 |
| Finance (coefficient) | 0.59*** | 0.58*** | 0.52*** |
| Finance (marginal effects) | 0.0714 | 0.0678 | 0.0628 |
|
| (11.47) | (10.87) | (9.39) |
| Employed |
| 0 | 0 |
| Retired (coefficient) |
| 0.43* | 1.07*** |
| Retired (marginal effects) |
| 0.0141 | 0.0866 |
|
|
| (14.31) | (31.83) |
| Unemployed (coefficient) |
| −0.76*** | −0.37*** |
| Unemployed (marginal effects) |
| −0.0680 | −0.0278 |
|
|
| (−15.79) | (−7.44) |
| Renter |
| 0 | 0 |
| Owner (coefficient) |
| 1.33*** | 1.00*** |
| Owner (marginal effects) |
| 0.106 | 0.0660 |
|
|
| (47.08) | (33.61) |
| Labor Income (coefficient) |
|
| 0.01*** |
|
|
|
| (45.65) |
| Age Fix Effect | Yes | Yes | Yes |
| Decade Fix Effect | Yes | Yes | Yes |
| Observations | 55,419 | 55,419 | 55,419 |