(1)

(2)*

(3)

invest

invest

invest

Work_public

−3.8442^**

−3.2483^**

−1.0668

(0.027)

(0.046)

(0.558)

Work_private

−5.0990^***

−4.0557^***

−3.2243

(0.002)

(0.006)

(0.107)

Work_farmer

−9.2140^***

−5.4577^***

−2.8983^*

(0.000)

(0.000)

(0.061)

Risk_yes

−2.7022

−0.0043

(0.217)

(0.998)

Risk_no

−1.9972^*

−2.2049^*

(0.053)

(0.092)

Age

−0.0683

−0.0121

(0.100)

(0.818)

Male

2.8190^*

−1.3686

(0.056)

(0.414)

Schoolyear

0.2317

0.0494

(0.125)

(0.796)

Familynum

0.8265^**

(0.015)

Ln_gdp

4.1683^***

2.6270^***

(0.000)

(0.000)

_cons

21.4923^***

−23.8817^***

−11.1595

(0.000)

(0.000)

(0.167)

N

1520

1514

547

R²

0.059

0.282

0.102

F

19.1441

49.1594

4.6717