Table 4
Marginal effect of being in the top income quintile compared with the bottom income quintile on RESP holdings—stepwise tobit regression results

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Table 4
Marginal effect of being in the top income quintile compared with the bottom income quintile on RESP holdings—stepwise tobit regression results
Table summary
This table displays the results of Marginal effect of being in the top income quintile compared with the bottom income quintile on RESP holdings—stepwise tobit regression results 1999 and 2012, calculated using marginal effect and bootstrap standard error units of measure (appearing as column headers).
  1999 2012
marginal effect bootstrap standard error marginal effect bootstrap standard error
No covariates 16,010Note *** 2,866 34,486Note *** 4,885
Add net worth (less RESPs) 6,982Note ** 2,608 13,068Note *** 3,362
Add parental education 2,729 2,527 7,626Note * 3,369
Add parental age 2,996 2,566 7,520Note * 3,386
Add parental marital status 2,534 2,535 6,366 8,182
Add number of children 2,995 2,608 8,182Note * 3,481
Add age of youngest child 3,520 2,531 7,859Note * 3,491
Add age of oldest child 3,921 2,466 8,080Note * 3,553
Add region 3,006 2,456 7,784Note * 3,664
Add urban/rural status 2,941 2,443 7,691Note * 3,654
No covariates 16,010Note *** 2,866 34,486Note *** 4,885
Add parental education 9,469Note *** 2,429 24,943Note *** 3,947
Add net worth (less RESPs) 2,729 2,527 7,626Note * 3,369
Note *

significantly different from reference category (p < 0.05)

Return to note * referrer

Note **

significantly different from reference category (p < 0.01)

Return to note ** referrer

Note ***

significantly different from reference category (p < 0.001)

Return to note *** referrer

Notes: RESP: registered education savings plan. All variables are measured at the economic family level. All dollar figures are expressed in 2012 constant dollars. Net worth and after-tax income are measured in equivalent dollars, obtained by dividing by the square root of the number of individuals in the economic family.
Sources: Statistics Canada, 1999 and 2012 Survey of Financial Security.
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