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Table 4 Costs of disability by severity: pooled model, using savings to represent the standard of living

From: The costs of disability in Australia: a hybrid panel-data examination

Key variables

Current period

Lagged period

 

Coef (SE)

Contemporaneous costs (% of income)

Coef (SE)

Long-term Costs (% of income)

Disability severity

    

No limitation

-0.06* (0.03)

13%

-0.17*** (0.03)

62%

Some limitation

-0.19*** (0.03)

42%

-0.19*** (0.03)

69%

Severe limitation

-0.32*** (0.05)

71%

-0.32*** (0.05)

118%

Log of Income

0.45*** (0.02)

 

0.27*** (0.02)

 

Hausman test

χ2(4):

21.9

p-val:

0.00

Any disability

    

Disability

-0.14*** (0.03)

31%

-0.21*** (0.03)

77%

Log of income

0.45*** (0.02)

 

0.27*** (0.02)

 
  1. Note: Other covariates include: age, gender, ethnicity education level, marital status and employment status of the respondent; household size, housing tenure status, region of residence (rural vs urban), SEIFA quintile, and a time trend.