Detail results of regression models in:
A Test of the Permanent Income Hypothesis on Czech Voucher Privatization
with Zdenek Tuma (rev. January 2000, orig. CERGE-EI Working paper #109)

SAMPLE SELECTION EQUATION

TABLE 7  (The Propensity to Consume out of the Windfall Transfers. The First and Second Waves of Voucher Privatization)

FIGURE 2  (Time Distribution of Realized Transfers)


 
 

TOTAL MPC´s ;MODEL: a*WIN2
 
TOBIT Assumption A Assumption B Assumption H

 

TOTAL MPC´s ;MODEL: CON1=A_M*WIN1*(SEX=M) + A_F*WIN1*(SEX=F)
 
TOBIT Assumption A Assumption B Assumption H

 

TOTAL MPC's with quarterly dummies to control for seasonality and common shocks
 
TOBIT Assumption A Assumption B Assumption H

 

TOTAL MPC's with education dummies
 
TOBIT Assumption A Assumption B Assumption H


 
 

MPC's by sex and age group
 
TOBIT Assumption A Assumption B Assumption H

 

MPC's by sex and age group with quarterly dummies
 
TOBIT Assumption A Assumption B Assumption H

 

MPC's by sex and age group with edducation dummies
 
TOBIT Assumption A Assumption B Assumption H

 

MPC's by sex and edducation
 
TOBIT Assumption A Assumption B Assumption H



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Updated January 4, 2000.