Table 5. Relationship between willingness-to-pay premium and demographics

Variable Canned ham primary ingredient
Handon pork Lab-grown Plant-based
Intercept 9.341***(0.049) 8.853***(0.037) 9.103***(0.040)
Age(base: 60s and older) 20s 0.116***(0.043) 0.127***(0.032) 0.107***(0.035)
30s 0.111***(0.042) 0.076**(0.032) 0.087**(0.034)
40s 0.089**(0.043) 0.079**(0.031) 0.075**(0.034)
50s 0.037(0.038) 0.013(0.028) 0.047(0.031)
College degree or higher 0.045(0.029) 0.030(0.022) 0.048**(0.023)
Household income(base: less than 2 million won) 2–3.99 million won 0.059(0.045) 0.013(0.034) –0.015(0.036)
4–5.99 million won –0.042(0.050) –0.034(0.037) –0.012(0.040)
6–7.99 million won 0.005(0.054) 0.051(0.040) 0.008(0.043)
More than 8 million won –0.101*(0.057) –0.068(0.042) –0.092**(0.045)
Household size 0.030(0.031) 0.046**(0.023) 0.039(0.025)
Children under 13 –0.025(0.028) –0.039(0.021) –0.041*(0.023)
Experience with meat alternatives –0.002(0.027) –0.010(0.021) 0.005(0.022)
Subjective knowledge –0.013(0.026) –0012(0.019) –0.009(0.022)
r2 0.04 0.04 0.03
Numbers in parentheses are SEs.
Denote statistical significance at the 10%, 5%, 1%, respectively.