Table 3.
Asset Change (in U.S.$1000s) |
% Asset Change |
|||
---|---|---|---|---|
Initial assets above | U.S.$1k | U.S.$0 | U.S.$1k | U.S.$0 |
Initial assets below | U.S.$200k | U.S.$3000k | U.S.$200k | U.S.$3000k |
DD results | ||||
Uninsured | −5.385** | −4.511* | −0.465+ | −0.440** |
(1.726) | (2.046) | (0.251) | (0.153) | |
Initial income (in U.S.$1,000s) | 0.069* | 0.069* | 0.001 | 0.000 |
(0.033) | (0.027) | (0.005) | (0.002) | |
hh_nonwhite | 0.529 | −1.269 | −0.095 | −0.151 |
(1.956) | (2.324) | (0.291) | (0.175) | |
hh_college | 3.785+ | 0.689 | 0.311 | 0.265 |
(1.962) | (2.307) | (0.286) | (0.171) | |
Unmarried | −0.601 | −2.292 | −0.509+ | −0.651** |
(2.123) | (2.472) | (0.307) | (0.183) | |
Preexisting condition | 2.103 | 1.433 | −0.048 | −0.116 |
(1.869) | (2.208) | (0.269) | (0.165) | |
Nonhomeowner | 2.658 | 2.378 | 0.010 | −0.063 |
(2.297) | (2.707) | (0.328) | (0.203) | |
Constant | −3.214 | −3.319 | −0.152 | −0.070 |
(2.915) | (3.408) | (0.416) | (0.253) | |
N | 248 | 310 | 248 | 310 |
3D results | ||||
Uninsured | −3.218+ | −0.801 | −0.265 | −0.156 |
(1.725) | (1.336) | (0.201) | (0.155) | |
New-illness-uninsured | −2.669 | −4.202* | −0.328 | −0.154 |
(2.437) | (1.895) | (0.286) | (0.220) | |
New illness | 0.457 | 2.395+ | 0.086 | 0.013 |
(1.720) | (1.338) | (0.203) | (0.156) | |
Initial income (in U.S.$1,000s) | 0.094** | 0.036** | 0.005 | 0.001 |
(0.023) | (0.012) | (0.003) | (0.001) | |
hh_nonwhite | 0.034 | 0.326 | −0.161 | −0.066 |
(1.384) | (1.085) | (0.162) | (0.125) | |
hh_college | 2.505+ | 2.649* | 0.102 | 0.254* |
(1.413) | (1.064) | (0.165) | (0.123) | |
Unmarried | 1.142 | −0.326 | 0.060 | −0.140 |
(1.517) | (1.162) | (0.179) | (0.134) | |
Preexisting condition | 1.579 | 0.830 | 0.035 | −0.052 |
(1.336) | (1.050) | (0.157) | (0.120) | |
Nonhomeowner | 1.675 | 1.891 | −0.258 | −0.276+ |
(1.666) | (1.327) | (0.195) | (0.150) | |
Constant | −3.509 | −3.354+ | −0.127 | −0.045 |
(2.288) | (1.743) | (0.270) | (0.199) | |
N | 496 | 620 | 496 | 620 |
Notes. All regressions also include year dummies to control for time-varying macroeconomic conditions.
N=310 includes 155 newly ill/uninsured households and 155 newly ill/insured households. N=620 includes 155 newly ill/uninsured households and 155 households from each comparison group.
31 newly ill/uninsured households have assets over U.S.$200,000 or under U.S.$1,000; these households and their matches are excluded from the regressions in columns 1 and 3.
Only new diagnoses of heart conditions, stroke, and cancer are included in new illness and new-illness-uninsured.
Koenker–Bassett standard errors for median regression are reported in parentheses. Bold text indicates the variable of interest.
p<0.1;
p<.05;
p<.01.
DD, difference-in-difference; 3D, triple difference.