Preferences for health insurance in Germany and the Netherlands - a tale of two countries

Health Economics Review

Table 5 Group-specific status quo bias (WTP values), Germany

	WTP values for changing contract
	Value (in Euro)	Std. error
Women	-508***	50.05
Men	-483***	53.33
Prob > chi2/(chi2)^a)	0.7392/(0.11)
Age < 43 ^b)	-329***	50.13
Age 43 - 59 ^b)	-407***	58.98
Age > 59 ^b)	-940***	106.87
Prob > chi2/(chi2) ^a)	*0.0000/(27.70)*
Retired	-953***	118.96
Non-retired	-402***	38.11
Prob > chi2/(chi2)^a)	*0.0000/(19.45)*
East	-520***	83.85
West	-494***	40.46
Prob > chi2/(chi2)^a)	0.7841/(0.08)
City with > 50,000 inh.	-569***	69.67
City with < 50,000 inh.	-473***	42.82
Prob > chi2/(chi2)^a)	0.2397/(1.38)
Education low ^c)	-590***	92.07
Education medium ^c)	-520***	43.86
Education high ^c)	-411***	74.72
Prob > chi2/(chi2)^a)	0.4642/(1.54)
Healthy (subjective)	-297***	54.05
Ill (subjective)	-609***	48.98
Prob > chi2/(chi2)^a)	*0.0000/(18.95)*
Non-chronic	-446***	39.72
Chronic	-641***	87.07
Prob > chi2/(chi2)^a)	*0.0416/(4.15)*
No physician visit ^d)	-402***	68.55
Physician visit ^d)	-533***	42.90
Prob > chi2/(chi2)^a)	*0.1221/(2.39)*

^a)Group-specific values differ with an error probability = Prob > chi2 (chi²-value after slash, bold and in italics if difference is significant at 5 percent or better).
^b)Each of the three age groups contains about 33 percent of observations.
^c)Individuals with 9, 12, and 18 years of education, respectively.
^d)At least one physician visit related to illness during the past 12 months.
*** (**, *) WTP values (compensations asked) different from zero with error probability of > 1 (>5, > 10) percent.

ISSN: 2191-1991