Table 4
The probability of an individual having adequate wealth to purchase a home, 1999 and 2005
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| 1999 | 2005 | |||
|---|---|---|---|---|
| coefficient | p-value | coefficient | p-value | |
| Constant | -5.9103 | 0.000 | -6.3429 | 0.000 |
| Age | 0.2396 | 0.000 | 0.2399 | 0.000 |
| Age squared | -0.0021 | 0.000 | -0.0019 | 0.000 |
| University | 1.0226 | 0.000 | 0.6855 | 0.000 |
| Immigrant | -0.5708 | 0.000 | -0.9337 | 0.000 |
| Investment income | 0.9007 | 0.000 | 1.0590 | 0.000 |
| Investment income (1 if investment income is less than 0) | -0.8671 | 0.000 | -1.2499 | 0.034 |
| Negative investment income | -0.0001 | 0.235 | -0.0004 | 0.062 |
| 1999 | 2005 | |
|---|---|---|
| Number of observations | 5,130 | 1,781 |
| R-squared | 0.1120 | 0.1397 |
| Log pseudo likelihood | -2,233,154 | -2,583,770 |
Source(s):
Statistics Canada, Survey of Financial Security (1999 and 2005).
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