Table 3 Variables used, their description, dimensions and “a priori” expectations
From: Health Uninsurance in rural America: a partial equilibrium analysis
Variable | Description | Dimension | “a priori” expectation |
|---|---|---|---|
Explicit Characteristics | |||
Opyrs | Number of Years Operator has been farming | Absolute number of years | Positive |
Age | Age of operator | Absolute number of years | Positive |
Depend | Number of dependents of the operator | Absolute number of years | Positive |
LnNW | Log of net worth of operator | Index | Negative |
LnTA | Log of total assets of operator | Index | Negative |
Edu | Highest educational level of operator | Base group: High School | Positive |
Some College | If operator’s highest level of education is some college degree | Dummy (1 if yes, 0 if otherwise) | Positive |
College Grad and above | If operator’s highest level of education is College Graduate | Dummy (1 if yes, 0 if otherwise) | Positive |
Global Incentive Compatibility Index (Other variables) | |||
Dencov | If operator needs a dental plan as part of a health insurance plan | Likert response (1 for strongly agree; 10 for strongly disagree) | Positive |
Viscov | If operator needs a dental plan as part of a health insurance plan | Likert response (1 for strongly agree; 10 for strongly disagree) | Positive |
Global Incentive Compatibility Index (Proxies for pre-existing or chronic conditions) | |||
LnHCS | Log of annual health care costs of operator | Index | Test Variable |
SHP | Significant health Conditions in the past 5 years | Dummy response (0 for Yes and 1 No) | Test Variable |
Latent Characteristics (Proxies for Risk Attitudes) | |||
Healthriskatt | Risk Attitude based on Health Likert scale statements | Average from Likert response | Test Variable |
Cropriskatt | Risk Attitude based on Crop Likert scale statements | Average from Likert response | Test Variable |
HHIndex | Herfindahl Coefficient of Diversification | 0: least diversified | Test Variable |
1: Highly diversified | |||