Table 5. Logistic Multilevel Model...

Table 5.

Logistic Multilevel Model Results for Opportunity-based Senior Entrepreneurs – ASP

	Est	ME	Std dev	P>\|z\|	Sig
ASP	0.007	0.000	0.005	1.14E-01
Controls
Income level: low	Ref.
Income level: medium	0.396	0.031	0.076	1.85E-07	***
Income level: high	0.599	0.046	0.076	4.17E-15	***
Education: nonprimary/primary	Ref.
Education: secondary	0.337	0.027	0.074	4.88E-06	***
Education: postsecondary	0.458	0.039	0.084	4.47E-08	***
Education: graduate	0.551	0.051	0.133	3.66E-05	***
Occupation: full-time or part-time	−0.360	−0.025	0.060	1.84E-09	***
Perceive skills (yes)	1.577	0.106	0.080	2.00E-16	***
Gender (woman)	−0.255	−0.018	0.057	7.53E-06	***
EDU2	0.384	0.033	0.179	3.18E-02	*
Cons.	−5.112		0.551	2.00E-16	***
Country	0.02605		0.1614
Var.

	Est	ME	Std dev	P>\|z\|	Sig
ASP	0.007	0.000	0.005	1.14E-01
Controls
Income level: low	Ref.
Income level: medium	0.396	0.031	0.076	1.85E-07	***
Income level: high	0.599	0.046	0.076	4.17E-15	***
Education: nonprimary/primary	Ref.
Education: secondary	0.337	0.027	0.074	4.88E-06	***
Education: postsecondary	0.458	0.039	0.084	4.47E-08	***
Education: graduate	0.551	0.051	0.133	3.66E-05	***
Occupation: full-time or part-time	−0.360	−0.025	0.060	1.84E-09	***
Perceive skills (yes)	1.577	0.106	0.080	2.00E-16	***
Gender (woman)	−0.255	−0.018	0.057	7.53E-06	***
EDU2	0.384	0.033	0.179	3.18E-02	*
Cons.	−5.112		0.551	2.00E-16	***
Country	0.02605		0.1614
Var.

Notes:

Number of obs. = 15,019; Number of groups = 5; Log likelihood = −4592.7 ; Prob > chi2 = 0.000; Adjusted R2 (McFadden) = 0.24137989; AIC = 9209.4; BIC = 9300.8; Sig. *p < 0.1, **p < 0.05, ***p < 0.01

Source: Own elaboration

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