Table 4 Effects of Health Shocks and Medical Insurance on Transition Probability

Threshold: s = 20%

Threshold: s = 40%

Threshold: s = 60%

Threshold: s = 80%

(1)

(2)

(3)

(4)

Health shock

-0.057***

-0.044***

-0.038***

-0.010*

(0.015)

(0.011)

(0.008)

(0.005)

Health shock on family member

-0.023

-0.040***

-0.016**

0.003

(0.015)

(0.011)

(0.008)

(0.005)

Social medical insurance

0.090***

0.074***

0.036***

0.015**

(0.020)

(0.015)

(0.011)

(0.007)

Commercial medical insurance

0.076**

0.121***

0.097***

0.032**

(0.032)

(0.028)

(0.020)

(0.013)

Individual controls

Yes

Yes

Yes

Yes

Household controls

Yes

Yes

Yes

Yes

Province FE

Yes

Yes

Yes

Yes

Observations

7341

11,232

16,453

21,751

R-squared

0.145

0.154

0.148

0.131