----------------------------------------------------------------------------------------------------------------------------------- log: C:\Documents and Settings\Lee\Desktop\oprobit.smcl log type: smcl opened on: 17 Apr 2006, 15:05:43 . do "C:\DOCUME~1\Lee\LOCALS~1\Temp\STD01000000.tmp" . use "C:\Documents and Settings\Lee\Desktop\pension.dta", replace . oprobit pctstck age educ female married wealth89 black stckin89 irain89 choice pyears prftshr, table Iteration 0: log likelihood = -216.8678 Iteration 1: log likelihood = -208.5789 Iteration 2: log likelihood = -208.56805 Iteration 3: log likelihood = -208.56805 Ordered probit regression Number of obs = 198 LR chi2(11) = 16.60 Prob > chi2 = 0.1203 Log likelihood = -208.56805 Pseudo R2 = 0.0383 ------------------------------------------------------------------------------ pctstck | Coef. Std. Err. z P>|z| [95% Conf. Interval] -------------+---------------------------------------------------------------- age | -.0437701 .0216106 -2.03 0.043 -.0861261 -.0014141 educ | .0234721 .0326797 0.72 0.473 -.0405789 .0875231 female | .1125428 .2059903 0.55 0.585 -.2911909 .5162764 married | .057022 .2179605 0.26 0.794 -.3701727 .4842166 wealth89 | -.0001578 .0003941 -0.40 0.689 -.0009301 .0006146 black | .128644 .2700125 0.48 0.634 -.4005708 .6578589 stckin89 | .216137 .1899096 1.14 0.255 -.156079 .588353 irain89 | -.1839491 .1775617 -1.04 0.300 -.5319637 .1640654 choice | .3404949 .1752513 1.94 0.052 -.0029914 .6839812 pyears | .0089492 .0096643 0.93 0.354 -.0099924 .0278908 prftshr | .4555664 .2100318 2.17 0.030 .0439117 .8672211 -------------+---------------------------------------------------------------- /cut1 | -2.290874 1.46717 -5.166475 .5847264 /cut2 | -1.293229 1.463233 -4.161114 1.574655 ------------------------------------------------------------------------------ . mfx, predict(p outcome(100)) Marginal effects after oprobit y = Pr(pctstck==100) (predict, p outcome(100)) = .28662814 ------------------------------------------------------------------------------ variable | dy/dx Std. Err. z P>|z| [ 95% C.I. ] X ---------+-------------------------------------------------------------------- age | -.0149003 .00736 -2.02 0.043 -.029323 -.000478 60.5606 educ | .0079904 .01112 0.72 0.472 -.013801 .029782 13.5253 female*| .0380267 .06905 0.55 0.582 -.097318 .173372 .611111 married*| .0192542 .07297 0.26 0.792 -.12377 .162278 .747475 wealth89 | -.0000537 .00013 -0.40 0.689 -.000317 .000209 209.969 black*| .0449506 .09664 0.47 0.642 -.144462 .234363 .116162 stckin89*| .0748888 .06684 1.12 0.263 -.05612 .205897 .338384 irain89*| -.0625926 .06036 -1.04 0.300 -.180888 .055702 .505051 choice*| .1131532 .05664 2.00 0.046 .002137 .22417 .606061 pyears | .0030465 .00329 0.93 0.354 -.003402 .009495 11.2121 prftshr*| .1643876 .07904 2.08 0.038 .009466 .319309 .212121 ------------------------------------------------------------------------------ (*) dy/dx is for discrete change of dummy variable from 0 to 1 . ologit pctstck age educ female married wealth89 black stckin89 irain89 choice pyears prftshr, table Iteration 0: log likelihood = -216.8678 Iteration 1: log likelihood = -208.53589 Iteration 2: log likelihood = -208.50846 Iteration 3: log likelihood = -208.50845 Ordered logistic regression Number of obs = 198 LR chi2(11) = 16.72 Prob > chi2 = 0.1165 Log likelihood = -208.50845 Pseudo R2 = 0.0385 ------------------------------------------------------------------------------ pctstck | Coef. Std. Err. z P>|z| [95% Conf. Interval] -------------+---------------------------------------------------------------- age | -.0738836 .0366126 -2.02 0.044 -.145643 -.0021241 educ | .0407874 .0538456 0.76 0.449 -.064748 .1463228 female | .1868756 .3414031 0.55 0.584 -.4822621 .8560134 married | .0752571 .3612521 0.21 0.835 -.6327841 .7832983 wealth89 | -.0002645 .0006451 -0.41 0.682 -.0015289 .0009999 black | .197248 .4412622 0.45 0.655 -.6676101 1.062106 stckin89 | .3451845 .3144055 1.10 0.272 -.271039 .9614081 irain89 | -.309207 .292081 -1.06 0.290 -.8816752 .2632612 choice | .5430988 .2902212 1.87 0.061 -.0257243 1.111922 pyears | .0143515 .016487 0.87 0.384 -.0179625 .0466655 prftshr | .7531122 .3642146 2.07 0.039 .0392647 1.46696 -------------+---------------------------------------------------------------- /cut1 | -3.878187 2.473943 -8.727026 .9706533 /cut2 | -2.24649 2.462462 -7.072826 2.579846 ------------------------------------------------------------------------------ . mfx, predict(p outcome(100)) Marginal effects after ologit y = Pr(pctstck==100) (predict, p outcome(100)) = .28333078 ------------------------------------------------------------------------------ variable | dy/dx Std. Err. z P>|z| [ 95% C.I. ] X ---------+-------------------------------------------------------------------- age | -.0150024 .00741 -2.03 0.043 -.029522 -.000483 60.5606 educ | .0082821 .01092 0.76 0.448 -.013114 .029678 13.5253 female*| .0375914 .06801 0.55 0.580 -.095697 .17088 .611111 married*| .0151567 .07213 0.21 0.834 -.126209 .156523 .747475 wealth89 | -.0000537 .00013 -0.41 0.682 -.000311 .000203 209.969 black*| .041322 .09517 0.43 0.664 -.145216 .22786 .116162 stckin89*| .0716725 .06656 1.08 0.282 -.05879 .202135 .338384 irain89*| -.0627734 .05912 -1.06 0.288 -.178652 .053106 .505051 choice*| .1072394 .05552 1.93 0.053 -.00157 .216049 .606061 pyears | .0029141 .00335 0.87 0.384 -.003642 .00947 11.2121 prftshr*| .1650704 .08473 1.95 0.051 -.001003 .331144 .212121 ------------------------------------------------------------------------------ (*) dy/dx is for discrete change of dummy variable from 0 to 1 . predict low medium high (option pr assumed; predicted probabilities) (28 missing values generated) . list low medium high age educ wealth89 +--------------------------------------------------------+ | low medium high age educ wealth89 | |--------------------------------------------------------| 1. | .4286973 .3645363 .2067664 64 12 77.9 | 2. | .1289355 .3018352 .5692292 56 13 154.9 | 3. | .1239637 .2958051 .5802312 56 12 154.9 | 4. | .2709657 .3842325 .3448018 63 12 232.5 | 5. | .4547383 .3552836 .1899781 67 12 179 | |--------------------------------------------------------| 6. | .2835993 .3857003 .3307004 64 11 120.025 | 7. | .4625549 .3522645 .1851806 64 12 52 | 8. | .3834603 .3772922 .2392475 64 12 52 | 9. | .5237467 .3252501 .1510032 69 12 0 | 10. | .3332076 .3854845 .2813078 60 14 183.65 | |--------------------------------------------------------| 11. | . . . 70 12 145 | 12. | .183017 .3508454 .4661376 59 12 458 | 13. | .1712991 .3425095 .4861914 56 12 203 | 14. | . . . 60 16 396.5 | 15. | .4324462 .363284 .2042698 63 14 913 | |--------------------------------------------------------| 16. | .5331538 .3206194 .1462269 67 12 292 | 17. | .5192249 .3274341 .153341 69 16 292 | 18. | .2937574 .3863992 .3198434 58 12 147.9 | 19. | .2937574 .3863992 .3198434 58 12 147.9 | 20. | .2751461 .3847943 .3400596 61 18 295.5 | |--------------------------------------------------------| 21. | .405852 .3715442 .2226038 62 12 224.2 | 22. | . . . 66 13 472 | 23. | .3836456 .3772495 .2391048 59 16 254.9 | 24. | .4000334 .3731493 .2268173 55 12 90.2 | 25. | .6082451 .2798707 .1118842 68 13 0 | |--------------------------------------------------------| 26. | .365023 .3811052 .2538718 65 18 340 | 27. | .2729107 .3845034 .3425859 57 12 188.5 | 28. | .5550288 .3094158 .1355554 69 12 15 | 29. | .2440444 .3786649 .3772907 59 12 172 | 30. | . . . 60 14 -39.95 | |--------------------------------------------------------| 31. | .2938096 .3864018 .3197886 57 16 175 | 32. | .2938096 .3864018 .3197886 57 16 175 | 33. | . . . 63 . 0 | 34. | .4135587 .3693033 .2171381 63 16 206 | 35. | .235533 .3761444 .3883227 56 18 441 | |--------------------------------------------------------| 36. | . . . 57 . 0 | 37. | . . . 56 . 0 | 38. | .5618462 .3058057 .1323482 63 12 219.55 | 39. | .6750396 .2389039 .0860565 67 12 219.55 | 40. | .306127 .3867081 .3071648 55 14 142 | |--------------------------------------------------------| 41. | .1795714 .3485096 .471919 55 14 142 | 42. | .4732449 .3479661 .178789 68 12 672.2 | 43. | .5234324 .3254028 .1511648 68 12 672.2 | 44. | . . . 62 . 0 | 45. | . . . 60 . 0 | |--------------------------------------------------------| 46. | .5951642 .2874116 .1174241 68 18 101 | 47. | .2559998 .38157 .3624302 63 12 120 | 48. | .3586371 .3822169 .259146 60 17 25.5 | 49. | .2068497 .3645774 .428573 64 12 150 | 50. | .3881798 .3761789 .2356413 57 12 106.3 | |--------------------------------------------------------| 51. | . . . 55 14 105 | 52. | .3163977 .3865387 .2970636 59 12 0 | 53. | . . . 63 16 275.433 | 54. | .4384587 .3612183 .200323 59 12 102.056 | 55. | . . . 71 12 0 | |--------------------------------------------------------| 56. | .3252594 .3860991 .2886415 55 12 90 | 57. | .2993892 .3866116 .3139993 60 8 37.25 | 58. | .4005679 .373005 .2264271 64 17 64.819 | 59. | .4370381 .3617126 .2012492 66 12 0 | 60. | .1587357 .332273 .5089913 57 12 1.5 | |--------------------------------------------------------| 61. | .3940039 .3747314 .2312647 65 12 198.5 | 62. | .1980546 .3599823 .4419632 61 16 422.2 | 63. | . . . 58 12 15.7 | 64. | .474333 .3475179 .1781491 69 12 302 | 65. | .370672 .3800303 .2492977 59 18 175 | |--------------------------------------------------------| 66. | .4408417 .3603803 .198778 61 18 175 | 67. | .387684 .3762984 .2360176 60 16 136 | 68. | .3672395 .3806935 .252067 60 8 1.6 | 69. | .4706212 .3490388 .18034 73 12 165 | 70. | . . . 61 16 -579.997 | |--------------------------------------------------------| 71. | .3663481 .3808607 .2527913 64 15 248 | 72. | .4209999 .3670192 .2119809 61 12 306.8 | 73. | .4957193 .338326 .1659547 62 11 306.8 | 74. | .3361516 .3852058 .2786426 56 12 227 | 75. | .3173743 .3865033 .2961224 59 12 261.6 | |--------------------------------------------------------| 76. | .6121858 .2775657 .1102484 68 8 133 | 77. | .3237171 .3861945 .2900884 59 16 214 | 78. | . . . 62 15 96.3 | 79. | .2679996 .3837868 .3482136 65 12 68 | 80. | .4612987 .3527569 .1859444 60 12 171.7 | |--------------------------------------------------------| 81. | .3963738 .3741195 .2295067 57 12 87 | 82. | .2947175 .3864441 .3188384 63 12 402.952 | 83. | .3483422 .3837693 .2678885 55 12 369.4 | 84. | .3635471 .381372 .2550809 64 11 38.5 | 85. | .4004504 .3730368 .2265128 61 18 79.8 | |--------------------------------------------------------| 86. | .2619419 .3827521 .3553059 57 9 70 | 87. | .305739 .3867071 .3075538 61 18 70 | 88. | . . . 65 9 99.225 | 89. | .3024829 .3866769 .3108402 62 18 711.997 | 90. | .1402736 .3145195 .5452068 57 14 98 | |--------------------------------------------------------| 91. | .3066722 .3867086 .3066191 57 12 87.5 | 92. | .3075473 .3867072 .3057455 60 12 0 | 93. | . . . 55 12 7.5 | 94. | .3298949 .3857654 .2843397 56 12 120.5 | 95. | .1684145 .3402822 .4913033 55 18 5.7 | |--------------------------------------------------------| 96. | .3207382 .3863564 .2929054 63 16 525 | 97. | .4541713 .3554984 .1903303 62 12 483 | 98. | .260792 .3825365 .3566715 64 12 98.7 | 99. | .1637937 .3365635 .4996429 64 12 98.7 | 100. | . . . 64 11 95 | |--------------------------------------------------------| 101. | . . . 64 11 95 | 102. | .2712471 .3842727 .3444802 56 12 2 | 103. | .2281033 .3736185 .3982783 60 14 180.4 | 104. | .2800854 .3853604 .3345542 56 15 110 | 105. | .1548378 .3288045 .5163577 56 15 110 | |--------------------------------------------------------| 106. | .2431743 .378425 .3784007 64 14 79.45 | 107. | .2541597 .3811694 .3646709 55 12 314 | 108. | .2407986 .3777495 .3814518 55 12 314 | 109. | .2263373 .3729717 .4006909 55 16 42 | 110. | .4751602 .3471758 .1776639 64 8 47.4 | |--------------------------------------------------------| 111. | .4227055 .3664795 .210815 68 14 208.4 | 112. | .4454454 .3587312 .1958233 65 14 21 | 113. | .4464498 .3583662 .195184 72 18 98.9 | 114. | .1127389 .2810607 .6062005 58 12 33.88 | 115. | .2197887 .3704127 .4097986 58 12 33.88 | |--------------------------------------------------------| 116. | .3930059 .3749851 .232009 56 12 96 | 117. | .3968861 .3739856 .2291284 57 9 66.548 | 118. | .3438993 .3843446 .2717561 59 14 42.46 | 119. | .2408919 .3777766 .3813315 63 12 105.2 | 120. | . . . 64 . 0 | |--------------------------------------------------------| 121. | .2436418 .3785544 .3778038 59 18 370 | 122. | .3566998 .382532 .2607683 59 18 370 | 123. | .2192462 .3701892 .4105646 57 12 0 | 124. | .3919386 .3752539 .2328075 61 12 25 | 125. | .3007615 .386645 .3125935 56 16 265 | |--------------------------------------------------------| 126. | .3754206 .3790621 .2455173 58 16 265 | 127. | .2162683 .3689298 .4148019 56 12 -3.8 | 128. | .457763 .354128 .188109 65 12 48.37 | 129. | .2467497 .3793858 .3738646 55 12 15.5 | 130. | . . . 53 14 52 | |--------------------------------------------------------| 131. | .3667604 .3807836 .2524559 64 12 -6.3 | 132. | . . . 56 18 360.1 | 133. | .2447279 .3788506 .3764215 58 18 89 | 134. | .2182591 .3697778 .4119632 55 11 70.3 | 135. | .1949253 .3582176 .4468571 61 16 810 | |--------------------------------------------------------| 136. | .3864394 .3765958 .2369648 64 18 341 | 137. | .34601 .3840786 .2699115 56 12 50 | 138. | .4827038 .3440057 .1732905 64 12 152 | 139. | .2755121 .3848398 .3396481 62 12 31.2 | 140. | .2482401 .3797668 .3719931 60 16 584.2 | |--------------------------------------------------------| 141. | .3015319 .3866606 .3118075 58 13 633 | 142. | . . . 58 . 0 | 143. | . . . 65 12 172 | 144. | .4357964 .3621416 .202062 64 12 77.08 | 145. | .3072036 .3867081 .3060884 57 14 79.8 | |--------------------------------------------------------| 146. | .2263015 .3729584 .4007401 69 12 166.5 | 147. | .3308489 .3856881 .283463 58 9 7.9 | 148. | .2856702 .3858767 .3284532 58 16 65.1 | 149. | .2139657 .3679182 .4181161 56 12 -1.1 | 150. | .319491 .3864154 .2940936 59 16 194.95 | |--------------------------------------------------------| 151. | .18644 .353074 .460486 62 12 140 | 152. | .4192086 .3675796 .2132118 65 12 140 | 153. | . . . 65 12 140 | 154. | .1633191 .3361708 .50051 55 16 -2.3 | 155. | .507914 .3327738 .1593121 68 13 243.2 | |--------------------------------------------------------| 156. | .2808476 .3854385 .3337138 57 12 595 | 157. | .3701178 .3801395 .2497427 60 17 225 | 158. | .2138859 .3678825 .4182315 55 12 691 | 159. | .4658285 .3509687 .1832028 59 12 70.4 | 160. | .2784242 .3851816 .3363942 58 17 390.1 | |--------------------------------------------------------| 161. | .3816812 .3776978 .240621 63 13 289.5 | 162. | .213148 .3675509 .4193011 57 15 1 | 163. | .3079941 .3867053 .3053006 56 12 990 | 164. | .446204 .3584557 .1953403 58 12 50.6 | 165. | .37328 .3795058 .2472142 61 14 -2.81 | |--------------------------------------------------------| 166. | .3027185 .3866804 .3106011 55 18 30.5 | 167. | .3845254 .3770457 .2384288 58 12 244.5 | 168. | .3774624 .378628 .2439096 64 18 360 | 169. | .4566309 .3545625 .1888067 63 12 240 | 170. | .4448085 .3589617 .1962298 66 14 98.5 | |--------------------------------------------------------| 171. | .352706 .3831482 .2641459 65 17 662 | 172. | .4656399 .3510438 .1833162 56 12 226 | 173. | .2928303 .3863525 .3208171 56 12 226 | 174. | . . . 69 12 515 | 175. | . . . 67 13 515 | |--------------------------------------------------------| 176. | .3084528 .3867027 .3048444 59 12 295.4 | 177. | .3338088 .3854298 .2807613 61 17 295.4 | 178. | .2945665 .3864373 .3189962 64 18 199 | 179. | .1025062 .2661498 .631344 54 16 113 | 180. | .7369094 .1978168 .0652738 68 12 1396.997 | |--------------------------------------------------------| 181. | .4310894 .3637405 .2051701 55 12 18 | 182. | .3237694 .3861914 .2900392 60 12 81.2 | 183. | .2551177 .38138 .3635023 57 16 445.5 | 184. | .2884781 .3860878 .3254341 62 16 751.997 | 185. | .4001129 .3731279 .2267593 64 12 751.997 | |--------------------------------------------------------| 186. | .2899251 .3861842 .3238907 60 18 252 | 187. | .2845433 .3857829 .3296738 60 16 118.325 | 188. | .491108 .340368 .168524 59 10 118.325 | 189. | .3496697 .3835862 .2667441 55 13 3.1 | 190. | .4210477 .3670042 .2119481 62 18 1103 | |--------------------------------------------------------| 191. | .3067318 .3867086 .3065597 55 14 20 | 192. | .2065694 .364439 .4289916 58 18 114.5 | 193. | .2926626 .3863437 .3209937 57 12 25 | 194. | .2599017 .3823652 .357733 57 13 -4.285 | 195. | .2628041 .3829097 .3542862 57 16 895 | |--------------------------------------------------------| 196. | .3977162 .3737672 .2285166 70 18 555.5 | 197. | .5220291 .326083 .1518879 65 17 846.4 | 198. | .3894062 .3758808 .234713 67 12 122.7 | 199. | .2980166 .386571 .3154123 59 14 172.1 | 200. | .3796929 .3781417 .2421654 61 12 143 | |--------------------------------------------------------| 201. | .2604053 .3824625 .3571321 61 16 2 | 202. | .4043943 .3719534 .2236523 65 12 31.95 | 203. | .3943978 .3746306 .2309716 62 17 151.616 | 204. | .2124487 .3672333 .420318 55 12 88.5 | 205. | . . . 59 18 216 | |--------------------------------------------------------| 206. | .1317287 .3050949 .5631765 55 15 101.08 | 207. | .5839344 .2937456 .1223199 63 12 1484.997 | 208. | .4821872 .3442257 .1735871 62 12 11 | 209. | .3189104 .386441 .2946486 58 12 242.15 | 210. | .3831767 .3773574 .2394659 65 11 166 | |--------------------------------------------------------| 211. | .5449432 .3146549 .1404019 61 9 57 | 212. | .2138635 .3678725 .418264 55 12 58.9 | 213. | .2985647 .3865881 .3148473 63 12 66.5 | 214. | .5158749 .3290342 .155091 66 12 66.5 | 215. | .5424148 .3159488 .1416364 64 8 101.75 | |--------------------------------------------------------| 216. | .7330927 .2004277 .0664796 70 12 329 | 217. | .213887 .367883 .41823 55 16 -2 | 218. | .241542 .3779641 .3804939 59 16 180 | 219. | .4753354 .3471032 .1775613 60 8 10 | 220. | .2807376 .3854274 .333835 57 18 84.72 | |--------------------------------------------------------| 221. | .1246529 .2966588 .5786883 58 12 81 | 222. | .2354455 .3761164 .3884381 57 17 116 | 223. | .3072765 .3867079 .3060156 60 9 163.8 | 224. | .2773607 .385061 .3375783 61 16 246 | 225. | .1595705 .3329974 .5074321 58 17 213 | |--------------------------------------------------------| 226. | .201937 .3620759 .4359871 59 16 213 | +--------------------------------------------------------+ . end of do-file . log close log: C:\Documents and Settings\Lee\Desktop\oprobit.smcl log type: smcl closed on: 17 Apr 2006, 15:06:13