Table 3

OLS results for H1

Expected signGroup 1 vs Group 2
(H1)
Constant 0.075*** (2.776)
  
NFP(−)−0.025** (−2.566)
  
Balance(+)0.001 (0.420)
  
Debt ratio(−)−0.001 (−0.537)
  
Variance(+)−0.014 (−0.261)
  
Elderly ratio(+)0.073 (1.607)
  
LG type Control
N 264
Adj. R2 0.058

Note(s): ** and *** indicate statistical significance at the 5% and 1% levels, respectively

This table shows the t-statistics for the OLS regression between parentheses. See  Appendix 2 for variable definitions

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