Table 3.

Price Elasiticities of Demand for Individual Coverage by Families without Access to Group Insurance

	Census Data Estimates		NHIS Data Estimates
Group	Semi-elasticity (a)	Elasticity (b)	Semi-elasticity (a)	Elasticity (b)	% of Study Population (c)
Poor: Family income below 200 percent poverty
Under age 35, self-employed	−0.141	−0.706*	−0.243	−1.214*	1.7
Under age 35, not self-employed	−0.104	−0.521*	−0.205	−1.026*	32.3
Over age 35, self-employed	−0.059	−0.297**	−0.100	−0.498*	4.9
Over age 35, not self-employed	−0.022	−0.111	−0.062	−0.310	25.8
Middle-income: Family income 200–400 percent poverty
Under age 35, self-employed	−0.162	−0.810*	−0.216	−1.082*	1.4
Under age 35, not self-employed	−0.125	−0.624*	−0.179	−0.893*	8.0
Over age 35, self-employed	−0.080	−0.400*	−0.073	−0.366*	4.2
Over age 35, not self-employed	−0.043	−0.214	−0.035	−0.177*	7.2
High income: Family income over 400 percent poverty
Under age 35, self-employed	−0.126	−0.628*	−0.195	−0.975*	0.8
Under age 35, not self-employed	−0.088	−0.442*	−0.157	−0.786*	3.5
Over age 35, self-employed	−0.044	−0.218	−0.052	−0.259	5.1
Over age 35, not self-employed	−0.007	−0.033	−0.014	−0.070	5.1
Overall	−0.041	−0.203*	−0.088	−0.438*	100.0

^aPercentage point change in probability for percent change in price, evaluated at overall participation rate of .2, the average participation rate in our data.

^bPercent change in probability for percent change in price, evaluated at overall participation rate of .2.

^cIn 2001, from CPS and NHIS.

^*Significantly different from 0, p<.05.

^**Significantly different from 0, p<.10.