Table 6.
Income effect of health insurance integration
| Variables | (1) | (2) |
|---|---|---|
| Urban residents’ income | Rural residents’ income | |
| Integration | 0.003 | 0.007*** |
| (0.002) | (0.002) | |
| Economic development | 0.102*** | 0.098*** |
| (0.010) | (0.010) | |
| Industrial structure | -0.001 | -0.002** |
| (0.001) | (0.001) | |
| Human capital | -0.219 | -0.342 |
| (0.369) | (0.388) | |
| Fiscal expenditure ratio | -0.059* | -0.001 |
| (0.033) | (0.032) | |
| Opening‒up | 0.074*** | 0.086*** |
| (0.027) | (0.021) | |
| Financial development | 0.025*** | 0.023*** |
| (0.008) | (0.009) | |
| Constant | 9.268*** | 8.584*** |
| (0.103) | (0.120) | |
| City fixed effect | Yes | Yes |
| Time fixed effect | Yes | Yes |
| Observations | 1,979 | 1,979 |
| R-squared | 0.995 | 0.996 |
The values in parentheses represent clustered robust standard errors, with, *, **and *** indicating significance at the 10%, 5%, and 1% levels, respectively