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Table 3 Trust and downward income mobility

From: Uncovering the impact of intergenerational income mobility on interpersonal trust

  (1) (2) (3)
TRUST=1 if “can trust” MLE coeff ME MLE coeff ME MLE coeff ME
Age 0.0238 0.00395 –0.0217 –0.0242 –0.0158 –0.0268
  (0.99)   (–0.82)   (–0.56)  
Agesq –0.0001 –0.0000 0.0003 0.0003 0.0003 0.0003
  (–0.52)   (1.21)   (0.99)  
IMIdown –1.238*** –0.357*** –1.260*** –0.251*** –1.242*** –0.212***
  (–4.77)   (–9.12)   (–6.67)  
Black –0.362* –0.125* –0.268 –0.0769 –0.397* –0.105*
  (–2.26)   (–1.59)   (–2.29)  
Female 0.177* 0.0781* 0.239** 0.119** 0.234* 0.128*
  (2.10)   (2.77)   (2.51)  
Educ 0.0706*** 0.0224*** 0.0620** 0.0093** 0.0545* –0.0009*
  (3.52)   (3.02)   (2.32)  
Res16 0.0287 0.0111 0.0097 0.0021 0.00958 0.0015
  (1.04)   (0.34)   (0.32)  
Children –0.211 –0.0731 –0.115 0.0031 –0.134 –0.0023
  (–1.96)   (–0.98)   (–1.13)  
Religious –0.0334 –0.0129 –0.0358 –0.0037 –0.0308 –0.0141
  (–0.29)   (–0.31)   (–0.25)  
IMIdown    
Age –0.0782** 0.0039** –0.111*** –0.0242*** –0.112*** –0.0268***
  (–3.21)   (–4.98)   (–5.00)  
Agesq 0.0008** –0.0000** 0.0012*** 0.0003*** 0.0012*** 0.0003***
  (3.10)   (4.96)   (5.10)  
Black –0.0098 –0.125 –0.100 –0.0769 –0.203 –0.105
  (–0.06)   (–0.56)   (–1.10)  
Female 0.319*** 0.0781*** 0.387*** 0.119*** 0.426*** 0.128***
  (3.63)   (4.35)   (4.60)  
Educ –0.0354* 0.0224* –0.0229 0.0093 –0.0448* –0.0009*
  (–2.11)   (–1.35)   (–2.49)  
Res16 0.0214 0.0111 0.0003 0.0021 –0.0004 0.0015
  (0.70)   (0.01)   (–0.01)  
Children –0.0229 –0.0731 0.121 0.0031 0.0726 –0.0023
  (–0.19)   (1.02)   (0.60)  
Religious –0.0251 –0.0129 0.0206 –0.0037 –0.0421 –0.0141
  (–0.19)   (0.16)   (–0.32)  
Diffspousemother –0.0085*** –0.0004*** –0.0043* –0.0008* –0.0047* –0.0010*
  (–3.74)   (–2.25)   (–2.27)  
ATE –0.353*** –0.296*** –0.318***
N 953 844 807
Wald chi2(18) 257.99 431.67 358.23
LR test of indep. eqns. (rho = 0):       
chi2(1) 5.698 4.605 4.371
Prob>chi2 0.0170 0.0319 0.0366
  1. Note: Biprobit fits a maximum-likelihood two-equation probit models of the binary variables TRUST and IMIdown
  2. ME stands for Marginal Effects; t statistics in parentheses. In estimations (1) through (3) the binary dummy IMI is based on the differently defined indice I M i n d x 1,I M i n d x 2 and I M i n d x 3. Preferred estimations are printed in bold font
  3. * p<0.05, ** p<0.01, *** p<0.001