Table 8 Heterogeneity analysis.
From: The effect of intergenerational mobility on family education investment: evidence from China
(1) | (2) | (3) | (4) | (5) | (6) | |
|---|---|---|---|---|---|---|
rural | urban | low cultural capital | high cultural capital | low economic capital | high economic capital | |
VARIABLES | lnFEI | lnFEI | lnFEI | lnFEI | lnFEI | lnFEI |
IGM | −1.268 | −2.789*** | −2.064 | −3.863*** | −2.335 | −2.471* |
(2.027) | (1.027) | (1.284) | (0.979) | (1.618) | (1.387) | |
Individual vars | Yes | Yes | Yes | Yes | Yes | Yes |
Family vars | Yes | Yes | Yes | Yes | Yes | Yes |
City vars | Yes | Yes | Yes | Yes | Yes | Yes |
Province fe | Yes | Yes | Yes | Yes | Yes | Yes |
F statistic in the first stage | 210.210 | 203.223 | 422.333 | 125.410 | 328.445 | 149.211 |
Observations | 369 | 665 | 503 | 541 | 466 | 578 |
R-squared | 0.143 | 0.086 | 0.096 | 0.201 | 0.120 | 0.108 |
