Table 3.
Benchmark regression.
| Variable | OLS | Logit | Tobit | |||
|---|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) | (6) | |
| Binsurance | 0.3236*** (0.0373) |
0.0852** (0.0358) |
0.5344*** (0.0645) |
0.1796*** (0.0690) |
0.3236*** (0.0373) |
0.0852** (0.0358) |
| Age | −0.0487*** (0.0042) |
−0.1008*** (0.0083) |
−0.0487*** (0.0042) |
|||
| Age_2 | 0.0003*** (0.0000) |
0.0006*** (0.0001) |
0.0003*** (0.0000) |
|||
| Gender | 0.1702*** (0.0208) |
0.3332*** (0.0402) |
0.1702*** (0.0208) |
|||
| Edu | 0.1361*** (0.0272) |
0.2185*** (0.0522) |
0.1361*** (0.0271) |
|||
| Marriage | 0.2014*** (0.0439) |
0.3500*** (0.0850) |
0.2014*** (0.0439) |
|||
| Household | 0.0723*** (0.0248) |
0.1300*** (0.0478) |
0.0723*** (0.0248) |
|||
| Ln_fincome | 0.0714*** (0.0064) |
0.1303*** (0.0129) |
0.0714*** (0.0064) |
|||
| Neighbor | −0.0322*** (0.0054) |
−0.0610*** (0.0105) |
−0.0322*** (0.0054) |
|||
| Familysize | −0.0048 (0.0082) |
−0.0088 (0.0158) |
−0.0048 (0.0081) |
|||
| Sinsurance | −0.0137 (0.0426) |
−0.0221 (0.0831) |
−0.0137 (0.0426) |
|||
| Invest | 0.0796** (0.0384) |
0.1769** (0.0730) |
0.0796** (0.0384) |
|||
| N | 8,675 | 8,675 | 8,675 | 8,675 | 8,675 | 8,675 |
| R 2 | 0.0086 | 0.1713 | 0.0028 | 0.0663 | 0.0029 | 0.0640 |
The *** and ** in the table respectively show the significance under the significance level of 1% and 5%, and the robust standard errors are shown in the brackets.