Table 7
Marginal effects of logit estimates of households owning a home
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| All households | Households aged 20 to 39 | |||
|---|---|---|---|---|
| coefficient | p-value | coefficient | p-value | |
| Model 1 | ||||
| Year binary variables | ||||
| 1986 | -0.006 | 0.000 | -0.025 | 0.000 |
| 1991 | 0.001 | 0.449 | -0.023 | 0.000 |
| 1996 | 0.003 | 0.000 | -0.031 | 0.000 |
| 2001 | 0.013 | 0.000 | -0.031 | 0.000 |
| 2006 | 0.056 | 0.000 | 0.016 | 0.000 |
| Model 2 | ||||
| Year binary variables | ||||
| 1986 | -0.047 | 0.000 | -0.065 | 0.000 |
| 1991 | -0.028 | 0.003 | -0.054 | 0.000 |
| 1996 | -0.034 | 0.000 | -0.065 | 0.000 |
| 2001 | -0.045 | 0.000 | -0.059 | 0.000 |
| 2006 | -0.001 | 0.968 | 0.030 | 0.092 |
| Market conditions | ||||
| Relative cost (renting to owning) | 0.044 | 0.000 | 0.052 | 0.000 |
| Relative price (price to rent) | 0.025 | 0.075 | 0.017 | 0.163 |
| Mortgage-carrying cost to income | -0.000005 | 0.140 | -0.000004 | 0.469 |
| Financial conditions | ||||
| Permanent income | 0.080 | 0.000 | 0.090 | 0.000 |
| Wealth | 0.034 | 0.000 | 0.041 | 0.000 |
| Connection to the labour market | ||||
| Household head hours worked | 0.001 | 0.000 | 0.001 | 0.000 |
| Household head weeks worked | 0.002 | 0.000 | 0.004 | 0.000 |
| Spouse hours worked × couples with children | -0.0001 | 0.433 | 0.0002 | 0.057 |
| Spouse weeks worked x couples with children | 0.002 | 0.000 | 0.003 | 0.000 |
| Spouse hours worked × couples with no children | -0.001 | 0.000 | 0.000 | 0.617 |
| Spouse weeks worked x couples with no children | 0.001 | 0.000 | 0.003 | 0.000 |
| Family type | ||||
| Couple with no children | -0.089 | 0.000 | -0.211 | 0.000 |
| Male lone parent | -0.210 | 0.000 | -0.171 | 0.000 |
| Female lone parent | -0.262 | 0.000 | -0.275 | 0.000 |
| Non-family individual | -0.315 | 0.000 | -0.329 | 0.000 |
| Age of the household head | ||||
| Age of the household head | 0.021 | 0.000 | 0.096 | 0.000 |
| Age squared | -0.0001 | 0.000 | -0.001 | 0.000 |
| Immigrant status | -0.046 | 0.000 | -0.110 | 0.000 |
| All households | Households aged 20 to 39 | |
|---|---|---|
| Number of observations | 4,241,085 | 1,571,324 |
| Model 1 | ||
| Pseudo R-squared | 0.002 | 0.001 |
| Wald chi-square | 7,411 | 1,530 |
| Log pseudo likelihood | -13,714,145 | -5,517,573 |
| Model 2 | ||
| Pseudo R-squared | 0.217 | 0.236 |
| Wald chi-square | 121,258 | 71,718 |
| Log pseudo likelihood | -10,759,948 | -4,220,307 |
Note(s):
The market condition variables and financial condition variables (except wealth) have all been normalized by the standard deviation of the variable across the sample (except for the mortgage-carrying-cost-to-income ratio, which excludes the top and bottom 5% of households based on household income). The coefficients measure the change in the dependent variable resulting from a one-standard-deviation change in the independent variable.
Source(s):
Statistics Canada, Census of Population (1981 to 2006) and Survey of Financial Security (1999 and 2005).
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