Appendix Table 3
Blinder–Oaxaca decomposition of the difference in the probability of holding an RESP between economic families in the top and bottom income quintiles (including RESPs in net worth) Appendix Table 3
Blinder–Oaxaca decomposition of the difference in the probability of holding an RESP between economic families in the top and bottom income quintiles (including RESPs in net worth)

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Appendix Table 3
Blinder–Oaxaca decomposition of the difference in the probability of holding an RESP between economic families in the top and bottom income quintiles (including RESPs in net worth)
Table summary
This table displays the results of Blinder–Oaxaca decomposition of the difference in the probability of holding an RESP between economic families in the top and bottom income quintiles (including RESPs in net worth) 1999 and 2012, calculated using coefficient and bootstrap standard error units of measure (appearing as column headers).
	coefficient	bootstrap standard error	coefficient	bootstrap standard error
	1999		2012
Top after-tax income quintile	0.318^Note ***	0.028	0.679^Note ***	0.023
Bottom after-tax income quintile	0.098^Note ***	0.011	0.253^Note ***	0.025
Top after-tax income quintile less bottom after-tax income quintile	0.219^Note ***	0.030	0.426^Note ***	0.035
Explained portion of difference	0.150^Note ***	0.028	0.320^Note ***	0.051
Unexplained portion of difference	0.069	0.044	0.106	0.070
Detailed explained components
Net worth	0.097^Note ***	0.025	0.208^Note ***	0.044
Parental education	0.050^Note **	0.017	0.100^Note ***	0.023
Parental age	0.006	0.009	-0.011	0.017
Parental marital status	0.005	0.006	0.031^Note *	0.015
Number of children	-0.008	0.005	-0.012	0.008
Age of youngest child	0.003	0.008	0.003	0.018
Age of oldest child	-0.011^{Appendix Table Note †}	0.006	-0.009	0.014
Region	0.008^{Appendix Table Note †}	0.005	0.005	0.005
Urban/rural status	0.000	0.005	0.005	0.003
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 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.

Date modified:: 2017-04-12

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