Table 3 Estimated parameters: baseline...

Table 3

Estimated parameters: baseline model and robustness checks

		Baseline^a		Make ends meet 3+4^b		Individuals aged 55+^c		Married couples^d
		2013	2018	2013	2018	2013	2018	2013	2018
CZ	Scale parameter τ	1.428**	1.374**	1.255**	1.347**	1.283**	1.355**	1.415**	1.399**
	Sharing rule γ₀	0.403**	0.464**	0.430**	0.448**	0.498**	0.494**	0.401**	0.468**
	Female indifference scale	0.575	0.637	0.540	0.603	0.639	0.669	0.567	0.654
	Male indifference scale	0.853	0.737	0.715	0.744	0.644	0.686	0.847	0.745
HU	Scale parameter τ	1.431**	1.777**	1.415**	1.771**	1.447**	2.556**	1.464**	1.191*
	Sharing rule γ₀	0.495**	0.429**	0.501**	0.531**	0.535**	0.454**	0.490**	0.197
	Female indifference scale	0.709	0.762	0.709	0.939	0.774	1.161	0.717	0.235
	Male indifference scale	0.723	1.015	0.705	0.831	0.673	1.395	0.747	0.957
PL	Scale parameter τ	1.636**	1.460**	1.598**	1.420**	1.813**	1.280**	1.705**	1.475**
	Sharing rule γ₀	0.527**	0.569**	0.550**	0.589**	0.530**	0.554**	0.528**	0.558**
	Female indifference scale	0.863	0.831	0.879	0.836	0.960	0.708	0.900	0.823
	Male indifference scale	0.773	0.630	0.719	0.584	0.853	0.571	0.805	0.652
SK	Scale parameter τ	1.239**	1.405**	1.218**	1.336**	1.322**	1.443**	1.313**	1.421**
	Sharing rule γ₀	0.601**	0.466**	0.619**	0.482**	0.531**	0.487**	0.599**	0.454**
	Female indifference scale	0.744	0.654	0.753	0.645	0.702	0.703	0.787	0.645
	Male indifference scale	0.495	0.750	0.464	0.692	0.620	0.741	0.526	0.776

		Baseline^a		Make ends meet 3+4^b		Individuals aged 55+^c		Married couples^d
		2013	2018	2013	2018	2013	2018	2013	2018
CZ	Scale parameter τ	1.428**	1.374**	1.255**	1.347**	1.283**	1.355**	1.415**	1.399**
	Sharing rule γ₀	0.403**	0.464**	0.430**	0.448**	0.498**	0.494**	0.401**	0.468**
	Female indifference scale	0.575	0.637	0.540	0.603	0.639	0.669	0.567	0.654
	Male indifference scale	0.853	0.737	0.715	0.744	0.644	0.686	0.847	0.745
HU	Scale parameter τ	1.431**	1.777**	1.415**	1.771**	1.447**	2.556**	1.464**	1.191*
	Sharing rule γ₀	0.495**	0.429**	0.501**	0.531**	0.535**	0.454**	0.490**	0.197
	Female indifference scale	0.709	0.762	0.709	0.939	0.774	1.161	0.717	0.235
	Male indifference scale	0.723	1.015	0.705	0.831	0.673	1.395	0.747	0.957
PL	Scale parameter τ	1.636**	1.460**	1.598**	1.420**	1.813**	1.280**	1.705**	1.475**
	Sharing rule γ₀	0.527**	0.569**	0.550**	0.589**	0.530**	0.554**	0.528**	0.558**
	Female indifference scale	0.863	0.831	0.879	0.836	0.960	0.708	0.900	0.823
	Male indifference scale	0.773	0.630	0.719	0.584	0.853	0.571	0.805	0.652
SK	Scale parameter τ	1.239**	1.405**	1.218**	1.336**	1.322**	1.443**	1.313**	1.421**
	Sharing rule γ₀	0.601**	0.466**	0.619**	0.482**	0.531**	0.487**	0.599**	0.454**
	Female indifference scale	0.744	0.654	0.753	0.645	0.702	0.703	0.787	0.645
	Male indifference scale	0.495	0.750	0.464	0.692	0.620	0.741	0.526	0.776

Note(s): Estimates by nonlinear least squares. Dependent variable: satisfaction with financial situation (POLS transformation). **denote a 1% significance level, *denotes a 5% significance level (indifference scales are not marked by significance). ^aBaseline estimates are the same as in Table 2. ^bSample limited to individuals from households, which report making ends meet with some difficulty or fairly easily (two middle categories out of six). ^cSample limited to individuals older than 55 years. ^dCouple sample limited to married individuals only

Source(s): EU-SILC cross UDB 2013 and 2018 – version of 2019–03; authors' calculations

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