Table 7: Probit Results OfFinancial Distress (Dependent Variable: ‘Struggle to Keep Up’)
|
__________Pooled |
Sample____ |
Irish Sample |
____UK Sample____ | |||||||||
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) | |||||||
|
Marginal |
Std. |
Marginal |
Std. |
Marginal |
Std. |
Marginal |
Std. |
Marginal |
Std. |
Marginal |
Std. | |
|
Impact |
Error |
Impact |
Error |
Impact |
Error |
Impact |
Error |
Impact |
Error |
Impact_____ |
Error | |
|
Male |
0.00 |
0.01 |
0.00 |
0.01 |
0.00 |
0.01 |
0.00 |
0.01 |
-0.02 |
0.03 |
0.00 |
0.01 |
|
Age |
0.02*** |
0.00 |
0.02*** |
0.00 |
0.02*** |
0.00 |
0.02*** |
0.00 |
0.01*** |
0.01 |
0.02*** |
0.00 |
|
Age sq. 2 |
-0.02*** |
0.00 |
-0.02*** |
0.00 |
-0.02*** |
0.00 |
-0.02*** |
0.00 |
-0.02*** |
0.00 |
-0.02*** |
0.00 |
|
Married 2 |
-0.06*** |
0.02 |
-0.05*** |
0.02 |
-0.05*** |
0.02 |
-0.05** |
0.02 |
-0.02 |
0.04 |
-0.05*** |
0.02 |
|
W∕D∕S 2 |
0.06*** |
0.02 |
0.07*** |
0.02 |
0.07*** |
0.02 |
0.07*** |
0.02 |
0.18*** |
0.05 |
0.04* |
0.03 |
|
1 Child 2 |
0.08*** |
0.02 |
0.08*** |
0.02 |
0.08*** |
0.02 |
0.09*** |
0.02 |
0.07 |
0.05 |
0.09*** |
0.02 |
|
2 Children 2 |
Q ɪɪ*** |
0.02 |
Q ɪɪ*** |
0.02 |
Q ɪɪ*** |
0.02 |
Q ɪɪ*** |
0.02 |
0.11** |
0.05 |
Q ɪɪ*** |
0.02 |
|
3+ Children 2 |
0.15*** |
0.03 |
0.15*** |
0.03 |
0.15*** |
0.03 |
0.15*** |
0.03 |
0.08 |
0.06 |
Qιγ*** |
0.04 |
|
UK |
-0.03** |
0.02 |
-0.03* |
0.02 |
-0.03** |
0.02 |
-0.03* |
0.02 | ||||
|
Employed 2 |
-0.18*** |
0.03 |
-0 17*** |
0.03 |
-0.18*** |
0.03 |
-0 17*** |
0.03 |
-0.25*** |
0.06 |
-0.13*** |
0.03 |
|
Retired 2 |
-0.14*** |
0.03 |
-0.13*** |
0.03 |
-0.13*** |
0.03 |
-0.12*** |
0.03 |
-0.15** |
0.07 |
-0.09*** |
0.04 |
|
Inactive 2 |
-0.06** |
0.03 |
-0.05* |
0.03 |
-0.05* |
0.03 |
-0.04 |
0.03 |
-0.13** |
0.06 |
-0.01 |
0.03 |
|
College |
-0.09*** |
0.02 |
-0.09*** |
0.02 |
-0.08*** |
0.02 |
-0.07*** |
0.02 |
-0.06* |
0.03 |
-0.07*** |
0.02 |
|
Log Income |
-0.05*** |
0.01 |
-0.05*** |
0.01 |
-0.05*** |
0.01 |
-0.04*** |
0.01 |
-0.06*** |
0.02 |
-0.03*** |
0.01 |
|
Debt |
0.12*** |
0.01 |
Q ɪɪ*** |
0.01 |
Q ɪɪ*** |
0.01 |
Q ɪɪ*** |
0.01 |
0.13*** |
0.03 |
0.12*** |
0.02 |
|
Impulsive |
Q ιγ*** |
0.02 |
0.16*** |
0.02 |
0.13*** |
0.02 |
0.13*** |
0.03 |
QJ4*** |
0.02 | ||
|
Organised |
-0.07*** |
0.01 |
-0.06*** |
0.01 |
-0.07** |
0.03 |
-0.06*** |
0.01 | ||||
|
Live Today |
0.10*** |
0.01 |
0.06** |
0.03 |
0.10*** |
0.02 | ||||||
|
Literate: 42 |
0.00 |
0.03 | ||||||||||
|
Literate: 52 |
-0.08*** |
0.02 | ||||||||||
|
Literate: 62 |
-0.09*** |
0.02 | ||||||||||
|
N |
6,518 |
6,510 |
6,501 |
6,484 |
1,413 |
5,043 | ||||||
|
LR chi2 |
892.46 |
1014.56 |
1046.30 |
1100.70 |
228.13 |
904.68 | ||||||
|
Prob chi2 |
0.0000 |
0.0000 |
0.0000 |
0.0000 |
0.0000 |
0.0000 | ||||||
|
Pseudo R2 |
0.1035 |
0.1179 |
0.1217 |
— |
0.1284 |
0.1211 |
0.1359 | |||||
Notes: 1 Marginal Impact for Age sq. is scaled up by 100; 2 Omitted categories for dummy variables are: ‘Single’,‘No Children’, ‘Unemployed’ and
‘3 or less financial literacy questions answered correctly’.
*** Significant at 1% level; ** Significant at 5% level; * Significant at 10% level.
Note that the log-likelihood and pseudo-/?2 in columns 5 and 6 are not comparable with the previous columns in this table.
More intriguing information
1. AN EMPIRICAL INVESTIGATION OF THE PRODUCTION EFFECTS OF ADOPTING GM SEED TECHNOLOGY: THE CASE OF FARMERS IN ARGENTINA2. Plasmid-Encoded Multidrug Resistance of Salmonella typhi and some Enteric Bacteria in and around Kolkata, India: A Preliminary Study
3. Implementation of Rule Based Algorithm for Sandhi-Vicheda Of Compound Hindi Words
4. The Modified- Classroom ObservationScheduletoMeasureIntenticnaCommunication( M-COSMIC): EvaluationofReliabilityandValidity
5. A Study of Prospective Ophthalmology Residents’ Career Perceptions
6. The name is absent
7. The name is absent
8. Who is missing from higher education?
9. The problem of anglophone squint
10. A Rare Case Of Fallopian Tube Cancer