Endowment effect: contributions to AQSLT change by change in sample characteristics Despite significant differences in age distribution from Wave 1 to Wave 2 within both countries (Table 1), the multivariate decomposition revealed that the only significant contribution was made by the increase in the 45 years age group, which had a significant negative effect on the total AQSLT in India (percent contribution=39.08%, p=0.007) (Table 4)
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