Table 8: Test of Asymmetry in the Effect of Change in Household Head's Earnings [Mace/Cochrane Specification] (Levels)

Total	Durables	Semi durables	Non durables	Services
Panel	Increase	Decrease	Increase	Decrease	Increase	Decrease	Increase	Decrease	Increase	Decrease
All	B1	1.022(0.058)	0.999(0.057)	1.094(0.071)	1.141(0.067)	0.923(0.048)	1.003(0.052)	0.951(0.029)	1.005(0.028)	0.906(0.062)	0.909(0.065)
B2	0.042(0.002)	0.023(0.002)	0.009(0.001)	0.003(0.001)	0.010(0.0004)	0.007(0.0004)	0.008(0.0002)	0.007(0.0002)	0.015(0.001)	0.006(0.001)
*	265.410.00	62.110.00	25.680.00	3.930.02	301.820.00	101.300.00	633.700.00	418.170.00	92.560.00	12.840.00
N	175,267	180,874	175,267	180,874	175,267	180,874	175,267	180,874	175,267	180,874
R²	0.03	0.02	0.00	0.00	0.03	0.02	0.22	0.21	0.01	0.01
see.	2.7e+5	2.8e+5	1.9e+5	1.9e+5	62,377	65,099	32,715	33,504	1.7e+5	1.8e+5
Jan-Jun	B1	1.057(0.231)	0.769(0.206)	1.155(0.221)	0.975(0.188)	1.062(0.203)	0.854(0.192)	0.949(0.134)	1.138(0.118)	0.875(0.237)	0.928(0.268)
B2	0.029(0.006)	0.024(0.018)	0.011(0.004)	-0.003(0.012)	0.009(0.001)	0.019(0.004)	0.003(0.001)	0.009(0.002)	0.007(0.004)	0.001(0.001)
*	11.700.00	1.530.22	3.750.02	0.050.95	17.930.00	11.110.00	9.370.00	11.230.00	1.910.15	0.040.96
N	15,677	14,708	15,677	14,708	15,677	14,708	15,677	14,708	15,677	14,708
R²	0.02	0.02	0.00	0.00	0.03	0.02	0.04	0.06	0.00	0.01
see.	2.5e+5	2.7e+5	1.7e+5	1.8e+5	59,950	62,756	29,395	29,009	1.6e+5	1.7e+5
Feb-Jul	B1	0.939(0.178)	1.183(0.182)	1.007(0.210)	1.290(0.228)	0.702(0.174)	1.167(0.193)	1.044(0.127)	0.926(0.103)	0.916(0.203)	1.215(0.209)
B2	0.020(0.006)	-0.025(0.010)	0.002(0.004)	-0.011(0.006)	0.007(0.001)	-0.003(0.002)	0.002(0.001)	-0.000(0.001)	0.008(0.004)	-0.011(0.006)
*	6.260.00	3.910.22	0.180.84	2.390.09	20.840.00	1.910.15	8.580.00	0.400.67	2.350.10	2.140.12
N	15,616	15,450	15,616	15,450	15,616	15,450	15,616	15,450	15,616	15,450
R²	0.01	0.01	0.00	0.00	0.02	0.01	0.06	0.05	0.01	0.01
see.	2.8e+5	3.2e+5	1.9e+5	2.2e+5	57,705	65,308	29,157	29,133	1.8e+5	2.2e+5
Mar-Aug	B1	0.918(0.253)	0.967(0.262)	1.054(0.329)	0.821(0.339)	0.860(0.201)	0.939(0.196)	0.989(0.171)	1.048(0.149)	0.813(0.221)	0.900(0.230)
B2	0.033(0.005)	-0.003(0.006)	0.014(0.004)	0.003(0.004)	0.009(0.001)	0.005(0.001)	0.004(0.001)	0.001(0.001)	0.006(0.003)	-0.012(0.004)
*	20.560.00	0.120.89	7.970.00	0.480.62	30.020.00	5.630.00	24.120.00	0.620.54	2.020.13	4.520.01
N	15,222	16,555	15,222	16,555	15,222	16,555	15,222	16,555	15,222	16,555
R²	0.01	0.01	0.00	0.00	0.01	0.01	0.03	0.02	0.00	0.00
see.	2.7e+5	2.8e+5	1.8e+5	1.9e+5	62,666	62,551	30,298	32,053	1.6e+5	1.7e+5
Apr-Sep	B1	1.209(0.232)	0.794(0.212)	1.356(0.300)	0.969(0.284)	0.490(0.275)	1.076(0.271)	1.022(0.175)	1.302(0.161)	0.967(0.205)	0.854(0.199)
B2	0.022(0.006)	-0.011(0.006)	0.004(0.004)	-0.008(0.014)	0.008(0.002)	0.000(0.002)	0.003(0.001)	0.002(0.001)	0.008(0.003)	-0.005(0.004)
*	8.310.00	2.200.11	1.070.34	1.990.14	14.320.00	0.050.95	13.740.00	4.650.01	3.000.05	1.120.33
N	14,310	16,734	14,310	16,734	14,310	16,734	14,310	16,734	14,310	16,734
R²	0.01	0.01	0.00	0.00	0.01	0.01	0.03	0.02	0.01	0.00
see.	2.8e+5	2.7e+5	1.9e+5	1.8e+5	75,826	68,730	31,687	32,873	1.6e+5	1.6e+5
May Oct	B1	1.376(0.249)	0.594(0.261)	0.954(0.228)	1.106(0.249)	0.986(0.185)	0.981(0.194)	0.903(0.132)	1.029(0.153)	0.909(0.220)	0.965(0.246)
B2	0.040(0.005)	0.010(0.006)	0.013(0.003)	-0.001(0.004)	0.008(0.001)	0.003(0.001)	0.003(0.001)	0.001(0.001)	0.016(0.003)	0.006(0.004)
*	37.790.00	2.520.08	7.510.00	0.140.87	26.940.00	3.210.04	16.830.00	1.920.15	16.540.00	1.500.22
N	14,976	16,680	14,976	16,680	14,976	16,680	14,976	16,680	14,976	16,680
R²	0.02	0.01	0.00	0.00	0.01	0.01	0.04	0.03	0.01	0.00
see.	2.3e+5	2.7e+5	1.6e+5	1.9e+5	54,906	59,871	29,466	32,024	1.4e+5	1.6e+5
Jun-Nov	B1	0.858(0.222)	1.085(0.200)	0.647(0.265)	1.121(0.224)	0.887(0.223)	1.093(0.198)	0.910(0.205)	1.098(0.206)	0.972(0.244)	0.911(0.237)
B2	0.052(0.009)	0.007(0.007)	0.020(0.006)	0.002(0.005)	0.008(0.002)	0.003(0.001)	0.007(0.001)	0.001(0.001)	0.017(0.006)	0.001(0.004)
*	17.800.00	0.610.54	6.110.00	0.290.75	12.110.00	2.500.08	26.180.00	0.970.38	4.920.01	0.080.92
N	14,270	17,339	14,270	17,339	14,270	17,339	14,270	17,339	14,270	17,339
R²	0.01	0.01	0.00	0.00	0.01	0.01	0.02	0.02	0.01	0.00
see.	2.8e+5	3.0e+5	1.9e+5	2.1e+5	54,752	57,034	29,450	32,1