Table 9: Test of Asymmetry in the Effect of Change in Household Head's Earnings [Mace/Cochrane Specification] (Logs)

Total	Durables	Semi durables	Non durables	Services
Panel	Increase	Decrease	Increase	Decrease	Increase	Decrease	Increase	Decrease	Increase	Decrease
All	B1	0.590 (0.030)	0.545 (0.029)	0.218 (0.045)	0.216 (0.043)	0.642 (0.043)	0.679 (0.043)	0.924 (0.031)	1.004 (0.030)	0.352 (0.032)	0.312 (0.033)
B2	0.092 (0.003)	0.044 (0.004)	0.243 (0.039)	0.221 (0.043)	0.160 (0.009)	0.081 (0.010)	0.032 (0.002)	0.019 (0.002)	0.093 (0.004)	0.051 (0.006)
*	523.24 0.00	202.60 0.00	168.95 0.00	177.80 0.00	190.58 0.00	60.50 0.00	165.69 0.00	46.39 0.00	385.43 0.00	256.10 0.00
N R²	166,645 0.09	174,660 0.07	28,613 0.01	30,489 0.01	160,994 0.05	168,356 0.04	166,645 0.21	174,660 0.19	166,515 0.02	174,496 0.01
see.	0.46	0.48	2.41	2.46	1.31	1.32	0.26	0.27	0.74	0.76
Jan-Jun	B1	0.614 (0.122)	0.508 (0.108)	-0.059 (0.171)	0.169 (0.171)	0.601 (0.159)	0.472 (0.152)	0.949 (0.131)	1.118 (0.116)	0.453 (0.125)	0.397 (0.144)
B2	0.071 (0.010)	0.055 (0.019)	0.245 (0.132)	0.044 (0.192)	0.120 (0.031)	0.186 (0.056)	0.019 (0.006)	0.030 (0.010)	0.081 (0.016)	0.060 (0.031)
*	28.46 0.0	14.07 0.00	20.48 0.00	11.83 0.00	10.59 0.00	11.26 0.00	5.75 0.00	4.92 0.01	22.30 0.00	10.47 0.00
N R²	14,830 0.04	14,211 0.04	2,345 0.01	2,206 0.01	14,326 0.04	13,659 0.03	14,830 0.04	14,211 0.06	14,825 0.01	14,201 0.01
see.	0.46	0.47	2.36	2.44	1.34	1.36	0.25	0.25	0.73	0.77
Feb-Jul	B1	0.497 (0.086)	0.584 (0.083)	0.248 (0.145)	0.217 (0.145)	0.517 (0.144)	0.754 (0.152)	1.021 (0.129)	0.892 (0.105)	0.277 (0.100)	0.359 (0.094)
B2	0.076 (0.009)	-0.003 (0.014)	0.136 (0.117)	-0.238 (0.174)	0.162 (0.025)	0.013 (0.040)	0.022 (0.005)	0.009 (0.007)	0.089 (0.014)	0.020 (0.023)
*	53.92 0.00	12.64 0.00	14.16 0.00	15.34 0.00	26.13 0.00	1.37 0.25	10.22 0.00	1.25 0.29	46.35 0.00	23.72 0.00
N R²	14,881 0.04	14,967 0.04	2,442 0.00	2,496 0.00	14,365 0.03	14,397 0.02	14,881 0.06	14,967 0.05	14,868 0.02	14,950 0.01
see.	0.47	0.49	2.50	2.46	1.29	1.34	0.25	0.25	0.74	0.79
Mar-Aug	B1	0.527 (0.127)	0.490 (0.132)	0.294 (0.203)	0.275 (0.197)	0.845 (0.155)	0.843 (0.158)	0.912 (0.168)	1.018 (0.141)	0.295 (0.118)	0.385 (0.124)
B2	0.096 (0.009)	0.021 (0.010)	0.307 (0.117)	0.166 (0.122)	0.147 (0.024)	0.032 (0.028)	0.032 (0.005)	-0.001 (0.006)	0.085 (0.014)	0.022 (0.017)
*	69.00 0.00	9.76 0.00	9.37 0.00	7.78 0.00	18.81 0.00	1.15 0.32	22.50 0.00	0.02 0.98	37.28 0.00	13.42 0.00
N R²	14,488 0.03	16,037 0.02	2,345 0.01	2,834 0.00	13,992 0.02	15,489 0.02	14,488 0.04	16,037 0.03	14,474 0.02	16,015 0.01
see.	0.47	0.48	2.45	2.39	1.29	1.29	0.26	0.26	0.75	0.78
Apr-Sep	B1	0.569 (0.111)	0.450 (0.105)	0.230 (0.174)	0.118 (0.169)	0.322 (0.167)	0.538 (0.182)	1.038 (0.164)	1.163 (0.150)	0.453 (0.111)	0.399 (0.109)
B2	0.087 (0.009)	0.018 (0.010)	0.197 (0.108)	0.103 (0.129)	0.206 (0.024)	0.077 (0.028)	0.019 (0.005)	0.011 (0.006)	0.081 (0.014)	0.004 (0.016)
*	56.91 0.00	15.36 0.00	11.77 0.00	14.14 0.00	42.18 0.00	7.19 0.00	7.23 0.00	2.36 0.09	29.10 0.00	15.21 0.00
N R²	13,677 0.03	16,301 0.02	2,259 0.01	2,805 0.01	13,206 0.02	15,699 0.02	13,677 0.03	16,301 0.03	13,666 0.01	16,292 0.01
see.	0.47	0.47	2.47	2.47	1.27	1.30	0.26	0.27	0.73	0.76
May Oct	B1	0.536 (0.139)	0.180 (0.133)	0.231 (0.170)	0.400 (0.175)	0.362 (0.153)	0.589 (0.140)	0.845 (0.135)	0.981 (0.150)	0.286 (0.124)	0.171 (0.129)
B2	0.083 (0.009)	0.031 (0.010)	0.257 (0.113)	0.214 (0.125)	0.142 (0.025)	0.065 (0.028)	0.027 (0.005)	0.013 (0.006)	0.074 (0.014)	0.030 (0.016)
*	51.15 0.00	24.09 0.00	12.97 0.00	7.38 0.00	25.18 0.00	7.19 0.00	15.27 0.00	2.83 0.06	31.08 0.00	22.76 0.00
N R²	14,308 0.03	16,233 0.02	2,410 0.01	2,777 0.02	13,811 0.02	15,630 0.03	14,308 0.04	16,233 0.03	14,299 0.02	16,220 0.01
see.	0.45	0.47	2.42	2.55	1.28	1.29	0.26	0.27	0.73	0.75
Jun-Nov	B1	0.374 (0.104)	0.420 (0.094)	0.224 (0.179)	0.319 (0.142)	0.604 (0.183)	0.680 (0.152)	1.078 (0.211)	1.049 (0.197)	0.245 (0.115)	0.330 (0.111)
B2	0.120 (0.013)	0.038 (0.010)	0.408 (0.158)	0.246 (0.127)	0.214 (0.036)	0.067 (0.028)	0.039 (0.007)	0.016 (0.006)	0.091 (0.020)	0.048 (0.016)
*	63.42 0.00	25.69 0.00	12.94 0.00	13.51 0.00	19.85 0.00	5.21 0.01	14.76 0.00	3.94 0.02	31.86 0.00	22.28 0.00
N R²	13,538 0.03	16,800 0.02	2,152 0.01	2,971 0.02	13,085 0.02	16,230 0.03	13,538 0.03	16,800 0.02	13,520 0.01	16,778 0.01
see.	0.46	0.49	2.47	2.54	1.29	1.29	0.26	0.26	0.74	0.76
Jul-Dec	B1	0.548 (0.107)	0.427 (0.125)	0.211 (0.155)	0.020 (0.138)	0.664 (0.172