Econometrics-I-9

There are altogether 27,326 observations the number

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Unformatted text preview: There are altogether 27,326 observations. The number of observations ranges from 1 to 7 per family. (Frequencies are: 1=1525, 2=2158, 3=825, 4=926, 5=1051, 6=1000, 7=987). The dependent variable of interest is DOCVIS = number of visits to the doctor in the observation period HHNINC = household nominal monthly net income in German marks / 10000. (4 observations with income=0 were dropped) HHKIDS = children under age 16 in the household = 1; otherwise = 0 EDUC = years of schooling AGE = age in years MARRIED=marital status WHITEC = 1 if has “white collar” job ˜™™™ ™ 7/27 Part 9: Hypothesis Testing - 2 Men +----------------------------------------------------+ | Ordinary least squares regression | | LHS=HHNINC Mean = .3590541 | | Standard deviation = .1735639 | | Number of observs. = 14243 | | Model size Parameters = 5 | | Degrees of freedom = 14238 | | Residuals Sum of squares = 379.8470 | | Standard error of e = .1633352 | | Fit R-squared = .1146423 | | Adjusted R-squared = .1143936 | +----------------------------------------------------+ +--------+--------------+----------------+--------+--------+----------+ |Variable| Coefficient | Standard Error |b/St.Er.|P[|Z|>z]| Mean of X| +--------+--------------+----------------+--------+--------+----------+ |Constant| .04169*** .00894 4.662 .0000 | |AGE | .00086*** .00013 6.654 .0000 42.6528| |EDUC | .02044*** .00058 35.528 .0000 11.7287| |MARRIED | .03825*** .00341 11.203 .0000 .76515| |WHITEC | .03969*** .00305 13.002 .0000 .29994| +--------+------------------------------------------------------------+ ˜™™ ™ 8/27 Part 9: Hypothesis Testing - 2 Women +----------------------------------------------------+ | Ordinary least squares regression | | LHS=HHNINC Mean = .3444951 | | Standard deviation = .1801790 | | Number of observs. = 13083 | | Model size Parameters = 5 | | Degrees of freedom = 13078 | | Residuals Sum of squares = 363.8789 | | Standard error of e = .1668045 | | Fit R-squared = .1432098 | | Adjusted R-squared = .1429477 | +----------------------------------------------------+ +--------+--------------+----------------+--------+--------+----------+ |Variable| Coefficient | Standard Error |b/St.Er.|P[|Z|>z]| Mean of X| +--------+--------------+----------------+--------+--------+----------+ |Constant| .01191 .01158 1.029 .3036 | |AGE | .00026* .00014 1.875 .0608 44.4760| |EDUC | .01941*** .00072 26.803 .0000 10.8764| |MARRIED | .12081*** .00343 35.227 .0000 .75151| |WHITEC | .06445*** .00334 19.310 .0000 .29924| +--------+------------------------------------------------------------+ ˜™™ ™ 9/27 Part 9: Hypothesis Testing - 2...
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There are altogether 27,326 observations The number of...

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