Table II The effects of household and...

Table II

The effects of household and household head characteristics on Vietnamese household saving rates in 2010

Variables	OLS	Q1	Q2	Q3	Q4	Q5	Q6	Q7	Q8	Q9
lnINCOME	0.429***	0.517***	0.438***	0.385***	0.356***	0.335***	0.314***	0.298***	0.281***	0.254***
	(0.020)	(0.011)	(0.006)	(0.006)	(0.006)	(0.005)	(0.005)	(0.005)	(0.004)	(0.006)
KINH_ETH	−0.148***	−0.131***	−0.119***	−0.095***	−0.094***	−0.094***	−0.102***	−0.098***	−0.097***	−0.077***
	(0.019)	(0.030)	(0.020)	(0.015)	(0.016)	(0.015)	(0.012)	(0.011)	(0.010)	(0.013)
URBAN	−0.144***	−0.146***	−0.131***	−0.120***	−0.118***	−0.113***	−0.109***	−0.107***	−0.116***	−0.109***
	(0.019)	(0.021)	(0.014)	(0.011)	(0.010)	(0.009)	(0.009)	(0.008)	(0.008)	(0.010)
MALE	−0.027**	−0.009	−0.024*	−0.006	−0.006	−0.012	−0.009	−0.009	−0.010	−0.009
	(0.013)	(0.024)	(0.014)	(0.012)	(0.011)	(0.010)	(0.008)	(0.009)	(0.008)	(0.010)
EDU1	0.305***	0.316***	0.367**	0.324***	0.285***	0.282***	0.206*	0.215***	0.172	0.175***
	(0.059)	(0.044)	(0.184)	(0.030)	(0.088)	(0.047)	(0.107)	(0.049)	(0.143)	(0.013)
EDU2	0.213***	0.203***	0.278	0.267***	0.217**	0.214***	0.141	0.116**	0.098	0.136*
	(0.065)	(0.047)	(0.194)	(0.036)	(0.095)	(0.048)	(0.109)	(0.053)	(0.146)	(0.079)
EDU3	0.108*	0.062	0.184	0.150***	0.144	0.140***	0.074	0.089*	0.075	0.087***
	(0.060)	(0.071)	(0.185)	(0.033)	(0.089)	(0.049)	(0.108)	(0.052)	(0.144)	(0.017)
AGE	−0.004*	−0.014***	−0.009***	−0.006**	−0.006**	−0.005**	−0.004**	−0.002	−0.003	−0.002
	(0.002)	(0.000)	(0.003)	(0.002)	(0.003)	(0.002)	(0.002)	(0.002)	(0.002)	(0.002)
SAGE	0.000**	0.000***	0.000***	0.000***	0.000***	0.000***	0.000***	0.000**	0.000**	0.000
	(0.00002)	(0.00004)	(0.00003)	(0.00002)	(0.00002)	(0.00002)	(0.00002)	(0.00002)	(0.00002)	(0.00002)
HHSIZE	−0.098***	−0.107***	−0.094***	−0.083***	−0.078***	−0.073***	−0.074***	−0.070***	−0.064***	−0.061***
	(0.007)	(0.009)	(0.006)	(0.005)	(0.004)	(0.004)	(0.004)	(0.004)	(0.003)	(0.004)
CHILD1	0.072***	0.064***	0.065***	0.056***	0.056***	0.051***	0.056***	0.054***	0.043***	0.046***
	(0.013)	(0.018)	(0.012)	(0.010)	(0.009)	(0.008)	(0.008)	(0.007)	(0.007)	(0.009)
CHILD2	0.053***	0.045***	0.050***	0.048***	0.045***	0.042***	0.040***	0.037***	0.026***	0.028***
	(0.009)	(0.014)	(0.009)	(0.008)	(0.007)	(0.006)	(0.006)	(0.006)	(0.005)	(0.007)
ELDERLY	0.039***	0.0409***	0.009	0.020	0.021	0.023**	0.020**	0.024**	0.021**	0.033***
	(0.013)	(0.018)	(0.017)	(0.013)	(0.013)	(0.011)	(0.010)	(0.010)	(0.010)	(0.010)
Constant	−4.391***	−5.496***	−4.681***	−4.084***	−3.680***	−3.388***	−3.040***	−2.862***	−2.568***	−2.228***
	(0.220)	(0.163)	(0.207)	(0.090)	(0.120)	(0.087)	(0.129)	(0.084)	(0.156)	(0.080)
Model summary
n	8,760	8,760	8,760	8,760	8,760	8,760	8,760	8,760	8,760	8,760
R² (Pseudo R²)	0.223	0.1872	0.1791	0.1673	0.159	0.1579	0.1617	0.1662	0.1711	0.1698
Adjusted R²	0.222

Variables	OLS	Q1	Q2	Q3	Q4	Q5	Q6	Q7	Q8	Q9
lnINCOME	0.429***	0.517***	0.438***	0.385***	0.356***	0.335***	0.314***	0.298***	0.281***	0.254***
	(0.020)	(0.011)	(0.006)	(0.006)	(0.006)	(0.005)	(0.005)	(0.005)	(0.004)	(0.006)
KINH_ETH	−0.148***	−0.131***	−0.119***	−0.095***	−0.094***	−0.094***	−0.102***	−0.098***	−0.097***	−0.077***
	(0.019)	(0.030)	(0.020)	(0.015)	(0.016)	(0.015)	(0.012)	(0.011)	(0.010)	(0.013)
URBAN	−0.144***	−0.146***	−0.131***	−0.120***	−0.118***	−0.113***	−0.109***	−0.107***	−0.116***	−0.109***
	(0.019)	(0.021)	(0.014)	(0.011)	(0.010)	(0.009)	(0.009)	(0.008)	(0.008)	(0.010)
MALE	−0.027**	−0.009	−0.024*	−0.006	−0.006	−0.012	−0.009	−0.009	−0.010	−0.009
	(0.013)	(0.024)	(0.014)	(0.012)	(0.011)	(0.010)	(0.008)	(0.009)	(0.008)	(0.010)
EDU1	0.305***	0.316***	0.367**	0.324***	0.285***	0.282***	0.206*	0.215***	0.172	0.175***
	(0.059)	(0.044)	(0.184)	(0.030)	(0.088)	(0.047)	(0.107)	(0.049)	(0.143)	(0.013)
EDU2	0.213***	0.203***	0.278	0.267***	0.217**	0.214***	0.141	0.116**	0.098	0.136*
	(0.065)	(0.047)	(0.194)	(0.036)	(0.095)	(0.048)	(0.109)	(0.053)	(0.146)	(0.079)
EDU3	0.108*	0.062	0.184	0.150***	0.144	0.140***	0.074	0.089*	0.075	0.087***
	(0.060)	(0.071)	(0.185)	(0.033)	(0.089)	(0.049)	(0.108)	(0.052)	(0.144)	(0.017)
AGE	−0.004*	−0.014***	−0.009***	−0.006**	−0.006**	−0.005**	−0.004**	−0.002	−0.003	−0.002
	(0.002)	(0.000)	(0.003)	(0.002)	(0.003)	(0.002)	(0.002)	(0.002)	(0.002)	(0.002)
SAGE	0.000**	0.000***	0.000***	0.000***	0.000***	0.000***	0.000***	0.000**	0.000**	0.000
	(0.00002)	(0.00004)	(0.00003)	(0.00002)	(0.00002)	(0.00002)	(0.00002)	(0.00002)	(0.00002)	(0.00002)
HHSIZE	−0.098***	−0.107***	−0.094***	−0.083***	−0.078***	−0.073***	−0.074***	−0.070***	−0.064***	−0.061***
	(0.007)	(0.009)	(0.006)	(0.005)	(0.004)	(0.004)	(0.004)	(0.004)	(0.003)	(0.004)
CHILD1	0.072***	0.064***	0.065***	0.056***	0.056***	0.051***	0.056***	0.054***	0.043***	0.046***
	(0.013)	(0.018)	(0.012)	(0.010)	(0.009)	(0.008)	(0.008)	(0.007)	(0.007)	(0.009)
CHILD2	0.053***	0.045***	0.050***	0.048***	0.045***	0.042***	0.040***	0.037***	0.026***	0.028***
	(0.009)	(0.014)	(0.009)	(0.008)	(0.007)	(0.006)	(0.006)	(0.006)	(0.005)	(0.007)
ELDERLY	0.039***	0.0409***	0.009	0.020	0.021	0.023**	0.020**	0.024**	0.021**	0.033***
	(0.013)	(0.018)	(0.017)	(0.013)	(0.013)	(0.011)	(0.010)	(0.010)	(0.010)	(0.010)
Constant	−4.391***	−5.496***	−4.681***	−4.084***	−3.680***	−3.388***	−3.040***	−2.862***	−2.568***	−2.228***
	(0.220)	(0.163)	(0.207)	(0.090)	(0.120)	(0.087)	(0.129)	(0.084)	(0.156)	(0.080)
Model summary
n	8,760	8,760	8,760	8,760	8,760	8,760	8,760	8,760	8,760	8,760
R² (Pseudo R²)	0.223	0.1872	0.1791	0.1673	0.159	0.1579	0.1617	0.1662	0.1711	0.1698
Adjusted R²	0.222

Notes: Weighted robust standard errors are given in parentheses. *p<0.1; **p<0.05; ***p<0.01

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