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Table 5 Results of Lewbel’s IV

From: Accounting for tastes: do low-income populations have a higher preference for spicy foods?

 

(1)

(2)

(3)

(4)

Preference for spicy foods

Preference for spicy foods

Preference for spicy foods

Preference for spicy foods

OLS

IV

Lewbel-IV-2SLS

Lewbel-IV-GMM

PCI(log)

− 0.0164** (0.00697)

− 0.0723* (0.0377)

− 0.0716*** (0.0201)

− 0.0732*** (0.0199)

F statistics

 

225.137

255.248

255.248

Hansen

  

0.120

0.120

Observations

5964

5964

5964

5964

  1. Standard errors are clustered in the county level (reported in parentheses)
  2. ***, **, and * indicate statistical significance at the 1%, 5%, and 10% level respectively