Table 7 Econometric analysis for the... | Emerald Publishing

Table 7

Econometric analysis for the relationship between age and financial stress

Variable	Model 1			Model 2
Variable	Coefficient	Std. Error	Beta	Coefficient	Std. Error	Beta
Age²	−0.015***	0.000	−0.669	−0.017***	0.000	−0.775
Age	1.666***	0.001	0.792	1.792***	0.001	0.852
Sex				3.776***	0.007	0.053
Marital status				−1.343***	0.008	−0.019
Dependents				1.401***	0.002	0.066
Education				−1.209***	0.001	−0.156
Region (northwest)
R2 Northeast				−1.621***	0.014	−0.015
R3 West and Bajío				3.506***	0.013	0.040
R4 Mexico City				10.978***	0.016	0.086
R5 East and South-Central				14.382***	0.012	0.188
R6 South				5.171***	0.014	0.053
Constant	14.36	0.025		457.83	0.030
Observations	88,090,849			88,090,849
P > F	0.000			0.000
Adjusted R²	0.034			0.094

Variable	Model 1			Model 2
Variable	Coefficient	Std. Error	Beta	Coefficient	Std. Error	Beta
Age²	−0.015***	0.000	−0.669	−0.017***	0.000	−0.775
Age	1.666***	0.001	0.792	1.792***	0.001	0.852
Sex				3.776***	0.007	0.053
Marital status				−1.343***	0.008	−0.019
Dependents				1.401***	0.002	0.066
Education				−1.209***	0.001	−0.156
Region (northwest)
R2 Northeast				−1.621***	0.014	−0.015
R3 West and Bajío				3.506***	0.013	0.040
R4 Mexico City				10.978***	0.016	0.086
R5 East and South-Central				14.382***	0.012	0.188
R6 South				5.171***	0.014	0.053
Constant	14.36	0.025		457.83	0.030
Observations	88,090,849			88,090,849
P > F	0.000			0.000
Adjusted R²	0.034			0.094

Note(s): ***p-value<0.001

Source(s): Author’s elaboration with Stata (StataCorp, 2017)