Table 3
Second-stage effects of educational attainment on savings rates

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Table 3
Second-stage effects of educational attainment on savings rates
Table summary
This table displays the results of Second-stage effects of educational attainment on savings rates Instrumental variables and Ordinary least squares, calculated using coefficient estimates, estimates and number units of measure (appearing as column headers).
  Instrumental variables Ordinary least squares
coefficient estimates
Estimator  
Completed high school 0.093Note ** 0.073Note ** 0.074Note ** 0.064Note * 0.021Note ***
Additional controls  
Age fixed effects yes yes yes yes yes
Cohort fixed effects yes yes yes yes yes
Birth-province fixed effects yes yes yes yes yes
Birth province–cohort trends yes yes yes yes yes
Institutional covariates yes yes yes yes yes
Individual covariates no yes yes yes yes
Labour income controls no no yes yes yes
Labour income 10-piece spline no no no yes yes
    estimates
Statistics  
R-squared 0.052 0.285 0.293 0.345 0.412
F-test of excluded instruments 26.730Note *** 30.280Note *** 27.720Note *** 26.540Note *** Note ...: not applicable
    number
Observations 477,813 477,475 473,608 473,608 473,608
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