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Table 7 Ordered probit and compound hierarchical probit (CHOPIT) model

From: Migration, risk attitudes, and entrepreneurship: evidence from a representative immigrant survey

   (1)   (2)  
   Ordered Probit Vignette Adjusted
μ Entrepreneur 0.0037 (0.10) 0.23* (0.13)
  Female -0.11** (0.056) -0.060 (0.070)
  Age -0.0011 (0.0039) -0.0018 (0.0049)
  African Origin 0.14** (0.065) 0.014 (0.083)
  South American Origin 0.21 (0.13) 0.083 (0.17)
  Australian Origin 0.67* (0.37) 0.47 (0.48)
  From EU12 Countries -0.065 (0.079) 0.023 (0.10)
  Highest Education, College -0.050 (0.072) -0.067 (0.091)
  Highest Education, Secondary 0.10* (0.067) -0.073 (0.084)
  Highest Education, Primary 0.15 (0.20) -0.067 (0.25)
τ 1 Intercept    -1.15 (0.18)
  Entrepreneur    0.30*** (0.096)
τ 2 Intercept    0.58 (0.095)
  Entrepreneur    -0.069 (0.064)
τ 3 Intercept    0.57 (0.09)
  Entrepreneur    -0.062 (0.058)
τ 4 Intercept    0.37 (0.077)
  Entrepreneur    0.064 (0.059)
τ 5 Intercept    0.54 (0.12)
  Entrepreneur    -0.062 (0.074)
τ 6 Intercept    0.87 0.17
  Entrepreneur    -0.11 (0.12)
Vignettes θ1    -1.17*** (0.20)
  θ2    -0.54*** (0.19)
  θ3    1.41*** (0.20)
Observations 1495    1495  
  1. Standard errors in parentheses, clustered by country of birth.
  2. *p < 0.10, **p < 0.05, ***P < 0.01.
  3. Note: Dependent Variable: self-reported risk measure. The standard errors in parentheses are robust and clustered by country of birth. `Entrepreneur' is defined as a respondent who has been self-employed at any time during his/her residence in Ireland. The EU12 countries refers to the New Member States of the European Union and includes Poland, Czech Republic, Slovakia, Slovenia, Hungary, Cyprus, Malta, Lithuania, Latvia, Estonia, Bulgaria, and Romania.