Table 8.
Baseline regression.
| Risky financial assets | (1) | (2) | (3) |
|---|---|---|---|
| Household health risks | −0.114*** (−77.71) | −0.115*** (−78.11) | −0.169*** (−42.43) |
| social medical insurance | −0.0974*** (−11.85) | −0.238*** (−18.99) | |
| Household health risks × social medical insurance | 0.0614*** (14.78) | ||
| Control variables | |||
| Numbers | −0.0196*** (−12.63) | −0.0197*** (−12.71) | −0.0193*** (−12.41) |
| Education | 0.0160*** (37.31) | 0.0161*** (37.55) | 0.0165*** (38.23) |
| Age2 | −0.00556*** (−45.83) | −0.00545*** (−44.76) | −0.00541*** (−44.44) |
| Ln_medical expenses | 0.129*** (83.66) | 0.129*** (83.65) | 0.129*** (83.33) |
| Gender | 0.0321*** (7.20) | 0.0321*** (7.20) | 0.0324*** (7.27) |
| Social pension insurance | 0.0000831*** (23.51) | 0.0000817*** (23.11) | 0.0000813*** (22.99) |
| Ln_total income | 0.0262*** (36.41) | 0.0264*** (36.68) | 0.0263*** (36.53) |
| _cons | −0.203*** (−15.90) | −0.118*** (−8.00) | 0.00428 (0.25) |
| Size of sample | 34,603 | 34,603 | 34,603 |
| R2 | 0.0379 | 0.0382 | 0.0387 |
t statistics in parentheses; *p < 0.05, **p < 0.01, ***p < 0.001.