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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