Appendix Table 4
Marginal effect of being in the top income quintile compared with the bottom income quintile on RESP holdings—stepwise tobit regression results (including RESP in net worth)

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Appendix Table 4
Marginal effect of being in the top income quintile compared with the bottom income quintile on RESP holdings—stepwise tobit regression results (including RESP in net worth)
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 (including RESP in net worth) 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 5,217Note * 2,475 11,800Note *** 3,308
Add parental education 1,210 2,545 6,652Note * 3,324
Add parental age 1,490 2,575 6,571Appendix Table Note † 3,360
Add parental marital status 1,151 2,546 5,471 3,440
Add number of children 1,591 2,607 7,284Note * 3,466
Add age of youngest child 2,146 2,510 6,947Note * 3,486
Add age of oldest child 2,567 2,458 7,118Note * 3,546
Add region 1,664 2,465 6,738Appendix Table Note † 3,693
Add urban/rural status 1,478 2,459 6,648Appendix Table Note † 3,682
No covariates 16,010Note *** 2,866 34,486Note *** 4,885
Add parental education 9,469Note *** 2,429 24,943Note *** 3,947
Add net worth 1,210 2,545 6,652Note * 3,324
Note *

significantly different from reference category (p < 0.05)

Return to note * referrer

Note ***

significantly different from reference category (p < 0.001)

Return to note *** referrer

Note †

significantly different from reference category (p < 0.10)

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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