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Table 5 Effects of Health Shocks and Medical Insurance on Upward Mobility

From: Health shock, medical insurance and financial asset allocation: evidence from CHFS in China

 

Upward Mobility

 

Bottom 20%

20-40%

40-60%

60-80%

 

(1)

(2)

(3)

(4)

Health shock

-0.057***

-0.019

-0.053***

-0.001

 

(0.015)

(0.021)

(0.018)

(0.016)

Health Shock on family member

-0.023

-0.054**

-0.004

0.011

 

(0.015)

(0.021)

(0.017)

(0.016)

Social medical insurance

0.090***

0.109***

0.018

0.020

 

(0.020)

(0.030)

(0.027)

(0.023)

Commercial medical insurance

0.076**

0.101**

0.050

0.018

 

(0.032)

(0.040)

(0.031)

(0.026)

Individual controls

Yes

Yes

Yes

Yes

Household controls

Yes

Yes

Yes

Yes

Province FE

Yes

Yes

Yes

Yes

Observations

7341

3891

5221

5298

R-squared

0.145

0.120

0.118

0.131

  1. Notes: Standard errors are presented in parentheses. Individual control and family variables include gender, age, education level, marriage status, urban/rural status, income per family member, family size, and so forth. *** p < 0.01, ** p < 0.05, * p < 0.1