Table 4. Panel logit model outputs—Model I.

	Whole sample	Quintile 1	Quintile 2
Health shock	0.2977	-0.2141	1.1417*
	(0.3812)	(0.4983)	(0.6860)
Medical Aid coverage	0.0602	-1.3793	0.5298
	(0.2838)	(0.8456)	(0.3344)
Female	-0.0611	-0.2816	0.1554
	(0.1892)	(0.2441)	(0.3102)
Married	-0.3558*	-0.2903	-0.5241
	(0.1968)	(0.2389)	(0.3981)
Age
30–49	-0.0065	0.1725	-0.3172
	(0.2903)	(0.3969)	(0.4387)
50–64	-0.4262	-0.3328	-0.4841
	(0.3260)	(0.4397)	(0.5140)
65–91	-0.1104	-0.1137	0.5655
	(0.4026)	(0.5306)	(0.6997)
Education Attainment
Primary	-0.0950	-0.1574	-0.0072
	(0.2498)	(0.2819)	(0.6410)
Secondary	-0.7806***	-0.8000**	-1.2086*
	(0.2843)	(0.3364)	(0.6558)
Certificate	-0.6652*	-0.3515	-1.2101*
	(0.3650)	(0.4753)	(0.7175)
Undergraduate	-0.0930	0.7380	-0.5511
	(0.4018)	(0.7427)	(0.7062)
Postgraduate	-0.3338	-	-0.3062
	(0.7391)		(0.9579)
Household size
4–6	0.7463***	0.7176***	0.5237
	(0.1720)	(0.2156)	(0.3562)
7–9	0.9801***	0.9020***	1.1033
	(0.2416)	(0.2811)	(0.7600)
10–24	1.2936***	1.1886***	2.0339
	(0.3625)	(0.4028)	(1.5962)
Pension recipient	-0.5299**	-0.4015	-1.5749**
	(0.2567)	(0.3009)	(0.6772)
Employed	-0.2855*	-0.4396**	0.4477
	(0.1697)	(0.2119)	(0.3916)
Urban	0.1444	0.1296	0.1932
	(0.2398)	(0.3045)	(0.4099)
Constant	-3.0914***	-3.0589***	-3.8602***
	(0.4507)	(0.5629)	(1.0711)
Observations	5053	3248	1 801

*** Significant at 1% level

** significant at the 5% level

* Significant at the 10* level