OLS

Quantile Regression

(1)

(2)

(3)

(4)

invest

Invest(0.25)

Invest(0.5)

Invest(0.75)

Work_farmer

−3.6909***

−1.4234*

−1.7210**

−3.5369**

(0.000)

(0.080)

(0.045)

(0.012)

Risk_yes

−2.6221

2.0628

−1.4778

−4.7247

(0.231)

(0.235)

(0.420)

(0.117)

Risk_no

−2.1625**

1.5283*

−1.0902

−3.7736***

(0.036)

(0.062)

(0.206)

(0.008)

Age

−0.0345

−0.0492

−0.0332

−0.0937*

(0.386)

(0.120)

(0.320)

(0.087)

Male

2.5108*

0.6167

1.9380

0.1995

(0.088)

(0.597)

(0.116)

(0.921)

Schoolyear

0.2097

0.0850

0.2498**

0.1423

(0.163)

(0.477)

(0.047)

(0.491)

ln_gdp

4.1872***

0.9884**

2.8940***

4.7286***

(0.000)

(0.026)

(0.000)

(0.000)

_cons

−27.4335***

−4.1717

−19.3861***

−20.7098**

(0.000)

(0.400)

(0.000)

(0.016)

N

1514

1514

1514

1514

R²

0.278

F

57.8885