Estimates of Lower Bounds for the Intergenerational Correlations Bivariate Probit Estimation
Daughter’s Sample | Son’s Sample | ||||
---|---|---|---|---|---|
ρ | αm | ρ | αf | ||
Nepala | |||||
ρ = Cov(Zγ2, Zβ2)/Var(Zγ2) | 0.221 (1.89)* | 0.182 (4.15)*** | 0.226 (4.15)*** | 0.033 (0.86) | |
ρ = Cov(Xγ1, Xβ1)/Var(Xγ1) | 0.226 (2.03)* | 0.178 (4.08)*** | 0.313 (4.85)*** | −0.031 (0.83) | |
Vietnamb | ρ = Cov(Zγ2, Zβ2)/Var(Zγ2) | 0.665 (1.17) | −0.148 (7.91)*** | 0.53 (1.68)* | −0.129 (6.29)** |
ρ = Cov(Xγ1, Xβ1)/Var(Xγ1) | 0.51 (1.39) | −0.069 (3.08)*** | 0.432 (1.61) | −0.077 (3.45)*** |
Note: Entries are marginal effect evaluated at sample mean. Standard errors are corrected for intra-cluster correlations due to clustered sampling. t-values are in parentheses.
a Regressors include age, age squared, dummy for married, unearned income, three ethnicity dummies, father and mother’s education level, share of nonfarm employment by age cohort, and an index of village fixed effect.
↵b Regressors include age, age squared, dummy for married, unearned income, two religion dummies, father and mother’s education level, share of nonfarm employment by age cohort, and an index of village fixed effect.
↵* significant at 10 percent;
↵** significant at 5 percent;
↵*** significant at 1 percent