Table 7.

Absolute Income Hypothesis - Generalized ordered probit (Wave 5)

Variables	Health commodities
	1 to 2	2 to 3	3 to 4	4 to 5
Income	1.99e-06 ***	2.25e-06 ***	3.68e-06 ***	3.81e-06 ***
	(2.76e-07)	(2.00e-07)	(2.44e-07)	(4.44e-07)
Income squared	-2.11e-13 ***	-7.96e-13 ***	-3.26e-13 ***	-5.41e-12 ***
	(2.90e-14)	(1.17e-13)	(4.71e-13)	(1.55e-12)
Age	0.037 ***	0.037 ***	0.026 ***	0.029 ***
	(0.01)	(0.008)	(0.009)	(0.012)
Age squared	-0.0004 ***	-0.0004 ***	-0.0004 ***	-0.0003 ***
	(0.0001)	(0.0001)	(0.0001)	(0.0001)
Years of education	0.031 ***	0.038 ***	0.036 ***	0.024 ***
	(0.002)	(0.001)	(0.001)	(0.002)
Gender =1 if women	0.066 ***	-0.014	-0.005	-0.002 **
	(0.016)	(0.012)	(0.012)	(0.016)
Marital Status:
Married, living with spouse	Reference group
Registered partnership	-0.063	-0.093 **	0.029	-0.027
	(0.069)	(0.046)	(0.045)	(0.057)
Married, not living with spouse	-0.251 ***	-0.112 **	-0.0001	0.118 *
	(0.062)	(0.049)	(0.053)	(0.069)
Never married	-0.048	-0.068 ***	-0.038	-0.065 *
	(0.032)	(0.024)	(0.026)	(0.035)
Divorced	-0.157 ***	-0.059 ***	0.05 ***	0.06 **
	(0.026)	(0.019)	(0.021)	(0.027)
Widowed	-0.017	-0.026	0.002	-0.015
	(0.021)	(0.017)	(0.02)	(0.029)
Job Situation:
Retired	Reference group
Employed	0.398 ***	0.312 ***	0.203 ***	0.174 ***
	(0.029)	(0.019)	(0.019)	(0.025)
Unemployed	-0.222 ***	-0.191 ***	-0.233 ***	-0.126 **
	(0.047)	(0.035)	(0.038)	(0.053)
Permanently sick	-1.196 ***	-1.268 ***	-1.307 ***	-0.963 ***
	(0.033)	(0.038)	(0.054)	(0.076)
Home-maker	-0.088 ***	-0.052 **	-0.047 *	-0.006
	(0.029)	(0.022)	(0.025)	(0.035)
Other	-0.354 ***	-0.173 ***	-0.145 ***	-0.017
	(0.041)	(0.037)	(0.046)	(0.064)

Dummies for countries are included but not reported, and available upon request

***: 1% significant; **: 5% significant; *: 10% significant

1 to 2: Poor to Fair; 2 to 3: Fair to Good; 3 to 4: Good to VG; 4 to 5: VG to Excellent