Hi,

I found a paper that estimates a generalized ordered logit model. The dependent variable is wealth quintiles (1,2,3,4,5) and it controls for other variables as well (e.g income quintiles, age etc).

My confusion concerns the way the authors have named wealth quintiles. They state wealth quintiles from 2nd to 4th but shouldn't it be named wealth thresholds?

I have also attached a picture of the relevant table.

Thanks
Ilias