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Table 8 CHOPIT Model: cut off values

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

  (1)τ1   (2)τ3   (3)τ5
Entrepreneur 0.30*** (0.096) -0.062 (0.058) -0.062 (0.074)
Female 0.040 (0.051) -0.022 (0.032) -0.048 (0.042)
Age -0.0008 (0.0036) 0.0015 (0.0022) 0.0046 (0.0030)
African Origin -0.12 (0.061) 0.065** (0.038) 0.024 (0.050)
South American Origin 0.022 (0.12) -0.050 (0.076) -0.15** (0.087)
Australian Origin -0.44 (0.38) 0.045 (0.24) 0.092 (0.29)
From EU12 Countries 0.16** (0.072) -0.057 (0.044) 0.032 (0.062)
Highest Education, College 0.058 (0.068) -0.058 (0.044) -0.088 (0.057)
Highest Education, Secondary -0.027 (0.062) -0.012 (0.039) 0.092** (0.051)
Highest Education, Primary -0.020 (0.18) -0.055 (0.11) 0.40 (0.12)
  1. Standard errors in parentheses, clustered by country of birth.
  2. *p < 0.10, **p < 0.05, ***P < 0.01.
  3. Note: The table shows the 1st 3rd and 5th τ cut-off values. A negative value denotes that the value of the scale is undervalued by the respondent a positive value suggest an overvaluation of a given value on the seven point scale.