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Table 7 Factors affecting the selection of health insurance among farmers from multinomial logit model

From: Health Uninsurance in rural America: a partial equilibrium analysis

Dependent Variable: Health Insurance Preference Coefficient (Standard Errors) Marginal Effects
Base Group: No Insurance Holders Private insurance Government insurance No Insurance Private Insurance Government Insurance
Years of Experience −0.277* 0.035* 0.0006 −0.0006 0.0003
(0.017) (0.019) (0.00038) (0.00055) (0.0004)
Age of Operator 0.025 −0.0298 0.0005 −0.0003 − 0.00022
(0.019) (0.025) (0.0005) (0.0008) (0.00067)
Number of Dependents −0.922*** −1.881*** 0.0206 0.018 −0.039
(0.132) (0.265) (0.0085) (0.011) (0.0083)
Net Worth of Operator 0.427** 0.535*** −0.009 0.0047 0.0046
(0.207) (0.208) (0.0042) (0.0043) (0.0012)
Annual Health Care Spending by Operator 2.475*** 3.538 *** −0.0542 0.0104 0.0438
(0.215) (0.444) (0.0069) (0.015) (0.014)
Total assets of Operator −0.3697* − 0.822*** 0.0083 0.0098 −0.0182
(0.193) (0.198) (0.0040) (0.0044) (0.014)
Highest Educational Level
 Some College 5.94*** 5.419*** −0.1673 0.0364 −0.0004
(0.570) (0.678) (0.0165) (0.0226) (0.0188)
 College Graduate and above 7.889*** −7.687*** −0.1903 0.1935 −0.0032
(0.957) (1.028) (0.0181) (0.0238) (0.0159)
 Significant Health Condition in Past 5 years −22.698*** −25.335*** 0.04832 0.07548 −0.1238
(1.165) (1.239) (0.0057) (0.0245) (0.0238)
 Desire for Dental Insurance Coverage 1.60*** 1.656*** −0.0347 −0.0315 − 0.0031
(0.180) (0.181) (0.0049) (0.0048) (0.0006)
 Desire for Vision Insurance Coverage −0.095 0.059 0.0019 −0.0079 0.006
(0.074) (0.097) (0.0017) (0.0033) (0.0053)
 Health risk attitudes −0.048 0.086 0.00094 −0.006 0.0052
(0.185) (0.234) (0.004) (0.0069) (0.0058)
 Crop risk attitudes 0.238 −0.418 0.0050 0.002 −0.007
(0.278) (0.307) (0.005) (0.0078) (0.0053)
 Herfindahl-Hirschman Index −3.854 −4.336 0.0836 0.0617 −0.0218
(2.510) (3.009) (0.0503) (0.073) (0.056)
_cons −1.97 − 3.211  
(2.699) (4.470)
1266.01
Pseudo R-square 0.4363 Wald Chi2(28)
Number of Observations 774 Prob> Chi2 0.0000
  1. ***, ** and * represents the 1, 5 and 10% significance levels respectively