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Table 2 Relationship between psychological well-being and individual’s annual income based on two-stage least square

From: Evaluation of employee occupational stress by estimating the loss of human capital in Japan

 

(1)

VARIABLES

ln(individual income)

Ln(GHQ-12 score)

-0.671*

 

(0.400)

Control variables

Yes

R-square

0.1624

Sargan (score)

2.66

p value

0.44

First-stage F test

10.54

p value

 < 0.0001

Observation

3,738

  1. The two instrumental variables are (1) the weather on the survey day recorded by respondents and (2) survey completion time for each respondent. Control variables: education, age, number of children, number of family members, occupation, house status