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 |