Model 1 Model 2 Model 3 Constant 30.628*** 6.360*** 28.566*** (7.409) (1.252) (7.355) Percentage of population under 15 -0.471** -0.461** (0.147) (0.145) Percentage of population over 75 -1.934 -1.691 (1.041) (1.084) Real per-capita disposable income 0.001 -0.000 (0.001) (0.001) Growth rate of real per-capita disp. income 0.529* 0.410* (0.210) (0.196) R-squared 0.3 0.2 0.3 N 50 50 50