Table 4.
Robustness test (1).
| Variable | OLS | Logit | Tobit | |||
|---|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) | (6) | |
| Binsurance | 0.2061*** (0.0160) |
0.0482 *** (0.0160) |
0.2924*** (0.0235) |
0.0749 *** (0.0252) |
0.2061*** (0.0160) |
0.0482*** (0.0160) |
| Age | −0.0524*** (0.0029) |
−0.0827*** (0.0047) |
−0.0524*** (0.0029) |
|||
| Age_2 | 0.0003*** (0.0000) |
0.0005*** (0.0000) |
0.0003*** (0.0000) |
|||
| Gender | 0.2131*** (0.0144) |
0.3463*** (0.0230) |
0.2131*** (0.0144) |
|||
| Edu | 0.0491*** (0.0175) |
0.0871*** (0.0282) |
0.0491*** (0.0175) |
|||
| Marriage | 0.1265*** (0.0290) |
0.1931*** (0.0453) |
0.1265*** (0.0290) |
|||
| Household | −0.0245 (0.0181) |
−0.0286 (0.0283) |
−0.0245 (0.0181) |
|||
| Ln_fincome | 0.0310*** (0.0059) |
0.0538*** (0.0096) |
0.0310*** (0.0059) |
|||
| Neighbor | 0.0576*** (0.0033) |
0.0953*** (0.0055) |
0.0576*** (0.0033) |
|||
| Familysize | 0.0058 (0.0037) |
0.0077 (0.0059) |
0.0058 (0.0037) |
|||
| Sinsurance | 0.0005 (0.0003) |
0.0006 (0.0005) |
0.0005 (0.0003) |
|||
| Invest | 0.2024*** (0.0674) |
0.3241*** (0.1047) |
0.2024*** (0.0674) |
|||
| N | 26,105 | 26,105 | 26,105 | 26,105 | 26,105 | 26,105 |
| R 2 | 0.0063 | 0.1371 | 0.0020 | 0.0498 | 0.0019 | 0.0454 |
The *** in the table respectively show the significance under the significance level of 1%, and the robust standard errors are shown in the brackets.