Table 3

Ordered logit model for purchase quantity

VariablesCoefficientzP >|z|
Female0.436812.80000.0050**
Age−0.02999−3.70000.0000***
Bachelor’s degree0.296101.19000.2350 
Master or doctorate degree0.056330.22000.8300
Income0.000025.99000.0000***
Threshold parameters
Threshold 1−1.37471
Threshold 20.07767
Threshold 31.22516
Threshold 42.64833
Log likelihood−865.16559
McFadden pseudo ρ20.03030
Note(s):

Significant at the 1% (***), 5% (**) and 10% (*) levels

Base categories. Gender: male, education: high school or below

Source(s): Authors’ own work

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