Table 8 Analysis results controlling asset and liabilities

Model 1			Model 2			Model 3
Variable	Coef.	Std. Err.	Variable	Coef.	Std. Err.	Variable	Coef.	Std. Err.
Has R.E. income	2.09**	1.01	Log(R.E. income)	7.12**	3.03	Log(R.E. income ratio)	20.01**	8.96
Log (income)	8.20***	2.86	Log (income)	8.18***	2.91	Log (income)	8.05***	2.98
Log (asset)	1.04**	0.48	Log (asset)	1.47**	0.62	Log (asset)	1.36**	0.59
Log (debt)	−0.18	0.26	Log (debt)	−0.19	0.30	Log (debt)	−0.14	0.49
30s	−3.92***	0.33	30s	−3.92***	0.33	30s	−3.93***	0.33
40s	−3.12***	0.25	40s	−3.12***	0.25	40s	−3.13***	0.25
50s	−1.81***	0.19	50s	−1.81***	0.19	50s	−1.81***	0.19
Wage worker	−0.57***	0.16	Wage worker	−0.57***	0.16	Wage worker	−0.56***	0.16
Spouse	1.39**	0.69	Spouse	1.40**	0.69	Spouse	1.40**	0.69
Non-spouse	1.68**	0.75	Non-spouse	1.68**	0.75	Non-spouse	1.68**	0.75
Health	0.29***	0.06	Health	0.29***	0.06	Health	0.29***	0.06
_cons	65.30***	0.77	_cons	65.30***	0.77	_cons	65.31***	0.77