Table 4

 GEE regression results explaining net worth and loge(net worth)

Column 1Column 2
For explanation of columns 1 and 2 see text.
***p Value significant at the 0.01 or higher level; **significant at 0.05; *significant at 0.10.
†Reference category is non-smoker.
‡Reference category is white.
Survey year is equal to the actual year minus 1985.
Smoking status†
    Heavy smoker−$8359***−91.2%***
($2459)(0.17%)
    Light smoker−$2083−27.8%**
($1775)(0.12%)
Years adult smoker−$410***−3.7%***
($158)(0.01%)
Like risk$1378−32.9%***
($1321)(0.09%)
Race‡
    Black−$22523***−164.6%***
($1915)(0.13%)
    Hispanic−$16335***−90.8%***
($2209)(0.16%)
Age$2539***17.4%***
($358)(0.02%)
Female−$473−59.5%***
($1513)(0.08%)
IQ$85**0.7%***
($38)(0.001%)
Number of siblings−$817***−5.1%***
($242)(0.02%)
Survey year$2764***10.1%***
($205)(0.01%)
High grade completed$1580***7.8%***
($480)(0.02%)
Married$3382**172.9%***
($1514)(0.10%)
Number of children$738−23.4%***
($571)(0.04%)
Income$1.25***0.0035%***
($0.06)(0.000001%)
Intercept−$119230***−163.9%**
($14279)(0.75%)
R 2 0.300.18
Number of observations3158831804