Skip to main content

Table 5 Regression Results – Effect of Health-Shock on WTP for Corrective Eyeglasses

From: Health shock and preference instability: assessing health-state dependency of willingness-to-pay for corrective eyeglasses

 

[1]

[2]

[3]

[4]

[5]

Unmatched

1 to 1 (Replaced)

Matched Sub-Sample

Weighted by Propensity Scores

Without-Health Shock

With-Health Shock

Entire Sample

Entire Sample

Age

−10.14**

−6.49

−9.37***

−2.36

−8.54**

(0.02)

(0.33)

(0.01)

(0.59)

(0.03)

Age Squared

0.06

0.04

0.06

−0.01

0.06

(0.23)

(0.55)

(0.13)

(0.87)

(0.20)

=1 if Female

−153.20***

−15.78

−112.41***

−26.43

−84.68**

(0.00)

(0.79)

(0.00)

(0.56)

(0.05)

=1 if Married

0.99

−58.11

−9.17

−13.89

−64.51*

(0.98)

(0.29)

(0.75)

(0.72)

(0.07)

Education

 None

Base

Base

Base

Base

Base

 Primary

3.26

79.61

18.54

53.11

38.44

(0.91)

(0.18)

(0.46)

(0.23)

(0.25)

 Above Primary

151.51***

158.14***

148.39***

208.18***

191.36***

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

=1 if HH has TV

61.58**

78.23

61.56***

50.37

113.41***

(0.02)

(0.12)

(0.01)

(0.18)

(0.00)

=1 if HH has Mobile Phone

172.68***

99.11

173.58***

284.30***

205.18***

(0.00)

(0.35)

(0.00)

(0.00)

(0.00)

Land Owned (Decimal, Standardized)

57.87***

43.84

56.99***

44.73***

44.20**

(0.00)

(0.10)

(0.00)

(0.00)

(0.01)

HH Income (BDT, Standardized)

132.31***

81.40***

113.86***

118.61***

84.73**

(0.00)

(0.00)

(0.00)

(0.00)

(0.02)

Respondent’s Contribution to HH Income (%)

8.37

91.18

34.35

85.24

60.28

(0.87)

(0.21)

(0.40)

(0.14)

(0.31)

Family Size

 1–2 Member(s)

Base

Base

Base

Base

Base

 3–4

5.02

47.41

13.70

−87.16*

−48.73

(0.88)

(0.47)

(0.65)

(0.08)

(0.21)

 5 or More

25.21

52.48

35.04

−29.31

−24.31

(0.51)

(0.42)

(0.28)

(0.56)

(0.58)

Occupation

 Wage Worker

Base

Base

Base

Base

Base

 Self Employed

183.66***

229.41*

180.21***

241.20***

201.79***

(0.00)

(0.06)

(0.00)

(0.01)

(0.00)

 Garment Worker

246.48***

238.82

235.74***

87.57

205.33***

(0.00)

(0.12)

(0.00)

(0.43)

(0.00)

 Service

139.12***

135.33

112.01***

59.39

115.27**

(0.00)

(0.24)

(0.01)

(0.48)

(0.02)

 Homemaker

160.30***

197.98

157.07***

160.76*

177.64***

(0.00)

(0.13)

(0.00)

(0.09)

(0.01)

 Others

77.94*

139.08

71.29*

110.65

68.26

(0.06)

(0.25)

(0.06)

(0.21)

(0.19)

Starting Bid

 BDT. 400

Base

Base

Base

Base

Base

 BDT. 600

21.56

81.05*

34.87

70.01**

39.28

(0.43)

(0.08)

(0.14)

(0.05)

(0.20)

 BDT. 800

40.97

93.54**

54.05**

61.77*

57.09*

(0.14)

(0.05)

(0.02)

(0.08)

(0.08)

=1 if Diagnosed Patient

  

179.41***

161.53***

155.15***

–

–

(0.00)

(0.00)

(0.00)

No. of Observations

1560

558

2118

1116

2118

  1. (a) p-value in parentheses; (b) Asterisks indicate statistical significance (*** p < 0.01, ** p < 0.05, * p < 0.1); (c) All figures are in local currency unit of BDT