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Table 7 Average marginal effects with median-split motives variables

From: What matters in the annuitization decision?

Variables Selected annuity = Yes
Experiment
UP − 0.004
(0.041)
DOWN − 0.042
(0.040)
TRUST − 0.038***
(0.016)
Motives
Liquidity − 0.236***
(0.032)
Family risk pooling − 0.080**
(0.035)
Bequest 0.005
(0.036)
Investment frame − 0.140***
(0.052)
Mortality salience − 0.096***
(0.035)
Self-selection 0.066*
(0.034)
Literacy
Basic annuity literacy 0.109***
(0.020)
Financial literacy − 0.024
(0.017)
Observations 676
Wald-Chi2 136.47***
Pseudo R2 0.155
  1. This table presents the average marginal effects of the factors of the regressions in Table 2 after median-splitting the motive variables. Delta-method standard errors in parentheses. ***p < 0.01, **p < 0.05, *p < 0.1