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IZA Journal of Labor & Development

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
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