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Table 9 Heterogeneity Analysis among Rural and Urban Households

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

 

Holding Risky Financial Asset

Proportion of Risky Financial Asset

 

Rural

Urban

Rural

Urban

 

(1)

(2)

(3)

(4)

Commercial medical insurance

0.042***

0.124***

0.020***

0.071***

 

(0.012)

(0.016)

(0.007)

(0.011)

Social medical insurance

0.003

0.034***

0.000

0.014*

 

(0.004)

(0.012)

(0.003)

(0.008)

Health shock

0.004

-0.012

0.004**

-0.008

 

(0.003)

(0.009)

(0.002)

(0.006)

Health shock on family member

0.005*

-0.017*

0.002

-0.013**

 

(0.003)

(0.010)

(0.002)

(0.006)

Individual controls

Yes

Yes

Yes

Yes

Household controls

Yes

Yes

Yes

Yes

Province FE

Yes

Yes

Yes

Yes

Observations

15,313

11,263

15,313

11,263

R-squared

0.066

0.163

0.048

0.129

  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