Table 6 Regression results of instrumental variable estimation.

From: Hedonic adaptation in cultural consumption: evidence from China Family Panel Studies

 

(1)

(2)

 

lnCultcons

SWB

lnCultcons

 

0.5462**

  

(2.35)

Retirees

0.7564***

 
 

(3.52)

 

Age

−0.0393***

0.0297***

 

(−35.78)

(3.23)

Health

0.1141***

0.2702***

 

(8.48)

(9.42)

Gender

−0.4921***

0.0472

 

(−17.28)

(0.40)

Marriage

1.5667***

−0.5813

 

(36.52)

(−1.59)

Edu

0.4145***

−0.1903*

 

(32.74)

(−1.96)

lnIncome

0.4772***

−0.1012

 

(29.05)

(−0.90)

Urban

0.7370***

−0.3308*

 

(23.07)

(−1.91)

lnLiabilities

0.1160***

−0.0739***

 

(32.10)

(−2.72)

Housing

0.5641***

−0.3074**

 

(13.47)

(−2.27)

Province FE

Yes

Yes

Year FE

Yes

Yes

Province-Year Interaction

Yes

Yes

  1. ***, **, * Indicate significance at the 1%, 5%, and 10% levels, respectively. Values in brackets below the coefficients represent t statistics