Table 3.
Parameter estimations for first set of objective health shocks.
| Parameter | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OHS_U | −0.434 *** (−3.59) | −0.256 *** (−3.53) | −0.218 *** (−3.48) | −0.207 *** (−3.19) | −0.145 ** (−2.39) | −0.114 * (−1.86) | ||||||
| OHS_ H | −0.143 ** (−2.37) | −0.142 ** (−2.39) | −0.062 (−1.14) | −0.065 (−1.22) | −0.439 *** (−3.61) | −0.275 * (−1.77) | ||||||
| HEDU | 0.245 *** (54.42) | 0.246 *** (54.82) | 0.236 *** (55.84) | 0.236 *** (55.89) | 0.287 *** (40.90) | 0.289 *** (41.29) | ||||||
| CEDU | 0.052 *** (51.71) | 0.052 *** (51.81) | 0.049 *** (53.06) | 0.049 *** (53.16) | 0.056 *** (39.86) | 0.057 *** (40.23) | ||||||
| INS | −0.063 *** (−3.28) | −0.071 *** (−3.53) | −0.072 *** (−3.59) | −0.064 *** (−3.34) | −0.003 (−0.20) | −0.003 (−0.17) | −0.004 (−0.23) | −0.004 (−0.26) | 0.000 (1.51) | 0.000 (1.55) | 0.000 (1.51) | 0.000 (1.52) |
| INST | −0.886 *** (−33.37) | −0.871 *** (−30.25) | −0.868 *** (−30.15) | −0.884 *** (−33.27) | −0.741 *** (−22.82) | −0.671 *** (−13.57) | −0.664 *** (−13.43) | −0.737 *** (−22.71) | ||||
| INSC | 1.546 *** (3.83) | 1.479 *** (3.61) | 1.477 *** (3.61) | 1.545 *** (3.83) | ||||||||
| INSUFM | −1.032 *** (−41.55) | −1.020 *** (−37.80) | −1.018 *** (−37.73) | −1.030 *** (−41.47) | ||||||||
| INSRCB | −0.518 *** (−7.42) | −0.474 *** (−6.22) | −0.472 *** (−6.20) | −0.517 *** (−7.40) | ||||||||
| OHS_U_ HEDU | 0.082 * (1.73) | 0.153 ** (2.57) | Not significant | |||||||||
| INS_HEDU | −0.067 *** (−7.75) | −0.068 *** (−7.87) | ||||||||||
| INS_HEDU _ OHS_U | −0.120 ** (−2.14) | −0.083 ** (−2.24) | ||||||||||
| INS_CEDU | −0.009 *** (−4.94) | −0.009 *** (−5.08) | ||||||||||
| CEDU_OHSH | 0.010 (1.22) | Not significant | ||||||||||
| INS_CEDU_ OHS_H | −0.016 ** (−2.41) | Not significant | ||||||||||
| MSI | 0.000 (1.43) | 0.000 (1.50) | 0.000 (1.47) | 0.000 (1.41) | 0.000 ** (2.15) | 0.000 ** (2.28) | 0.000 ** (2.25) | 0.000 ** (2.12) | −0.087 *** (−4.46) | −0.086 *** (−4.22) | −0.086 *** (−4.23) | −0.087 *** (−4.50) |
| FLH | 0.109 *** | 0.136 *** (5.65) | 0.137 *** (5.68) | 0.110 *** (4.74) | 0.069 *** (3.34) | 0.093 *** (4.30) | 0.093 *** (4.32) | 0.070 *** (3.36) | 0.111 *** (4.78) | 0.136 *** (5.66) | 0.137 *** (5.69) | 0.111 *** (4.80) |
| MLH | 0.134 *** (6.02) | 0.132 *** (5.71) | 0.131 *** (5.69) | 0.134 *** (6.00) | 0.134 *** (6.72) | 0.123 *** (5.96) | 0.123 *** (5.94) | 0.133 *** (6.70) | 0.129 *** (5.82) | 0.130 *** (5.62) | 0.129 *** (5.57) | 0.129 *** (5.80) |
| SLN | 0.009 *** (33.56) | 0.009 *** (32.72) | 0.009 *** (32.72) | 0.009 *** (33.55) | 0.006 *** (27.32) | 0.007 *** (26.94) | 0.007 *** (26.95) | 0.007 *** (27.33) | 0.009 *** (33.47) | 0.009 *** (32.69) | 0.009 *** (32.72) | 0.009 *** (33.46) |
| PW | 0.574 *** (11.79) | 0.507 *** (9.57) | 0.507 *** (9.58) | 0.575 *** (11.81) | 0.455 *** (10.44) | 0.400 *** (8.43) | 0.400 *** (8.43) | 0.455 *** (10.45) | 0.556 *** (11.41) | 0.493 *** (9.29) | 0.492 *** (9.29) | 0.557 *** (11.43) |
| ADW | −0.111 *** (−26.26) | −0.121 *** (−27.98) | −0.121 *** (−27.94) | −0.111 *** (−26.21) | −0.119 *** (−31.40) | −0.126 *** (−32.32) | −0.126 *** (−32.29) | −0.119 *** (−31.36) | −0.110 *** (−26.09) | −0.121 *** (−27.96) | −0.121 *** (−27.88) | −0.110 *** (−26.04) |
| G | 0.042 *** (3.56) | −0.002 (−0.17) | −0.002 (−0.19) | 0.041 *** (3.54) | 0.094 *** (8.97) | 0.057 *** (5.24) | 0.057 *** (5.24) | 0.094 *** (8.97) | 0.042 *** (3.57) | −0.002 (−0.20) | −0.003 (−0.22) | 0.041 *** (3.54) |
| AGE | 0.034 *** (53.92) | 0.036 *** (53.19) | 0.036 *** (53.16) | 0.034 *** (53.87) | 0.028 *** (48.04) | 0.029 *** (47.77) | 0.029 *** (47.73) | 0.028 *** (47.99) | 0.034 *** (53.97) | 0.036 *** (53.23) | 0.036 *** (53.21) | 0.034 *** (53.95) |
| PROV | −0.011 *** (−19.53) | −0.012 *** (−19.76) | −0.012 *** (−19.68) | −0.011 *** (−19.46) | −0.007 *** (−14.02) | −0.007 *** (−13.79) | −0.007 *** (−13.73) | −0.007 *** (−13.96) | −0.011 *** (−19.77) | −0.012 *** (−19.95) | −0.012 *** (−19.86) | −0.011 *** (−19.73) |
| USRS | 0.185 *** (14.41) | 0.170 *** (12.76) | 0.171 *** (12.78) | 0.185 *** (14.40) | 0.076 *** (6.48) | 0.072 *** (5.90) | 0.073 *** (5.92) | 0.076 *** (6.49) | 0.182 *** (14.16) | 0.166 *** (12.45) | 0.166 *** (12.45) | 0.182 *** (14.14) |
| UNCN | 0.042 *** (7.16) | 0.044 *** (7.15) | 0.044 *** (7.17) | 0.043 *** (7.17) | 0.020 *** (3.81) | 0.022 *** (3.96) | 0.022 *** (3.98) | 0.020 *** (3.84) | 0.042 *** (7.18) | 0.044 *** (7.16) | 0.044 *** (7.19) | 0.042 *** (7.18) |
| UR | 0.150 *** (41.41) | 0.152 *** (40.05) | 0.152 *** (40.03) | 0.150 *** (41.38) | 0.106 *** (32.44) | 0.106 *** (30.51) | 0.106 *** (30.51) | 0.107 *** (32.44) | 0.149 *** (41.19) | 0.152 *** (39.76) | 0.151 *** (39.75) | 0.149 *** (41.14) |
| HN | 0.009 *** (52.13) | 0.008 *** (50.32) | 0.008 *** (50.33) | 0.009 *** (52.14) | 0.005 *** (36.42) | 0.005 *** (35.15) | 0.005 *** (35.17) | 0.005 *** (36.45) | 0.008 *** (51.99) | 0.008 *** (50.28) | 0.008 *** (50.31) | 0.008 *** (51.98) |
| Intercept | 3.343 *** (47.84) | 2.887 *** (36.99) | 2.882 *** (36.93) | 3.338 *** (47.77) | 3.990 *** (63.38) | 3.510 *** (49.96) | 3.506 *** (49.90) | 3.987 *** (63.32) | 3.283 *** (46.72) | 2.808 *** (35.20) | 2.799 *** (35.12) | 3.278 *** (46.65) |
| Adj_R2 | 0.4737 | 0.4684 | 0.4683 | 0.4735 | 0.5803 | 0.5745 | 0.5744 | 0.5801 | 0.4747 | 0.4689 | 0.4687 | 0.4746 |
Note: Standard deviations are indicated in parentheses below the coefficients as percentages; *, **, and *** represent significance at the 10%, 5%, and 1% levels, respectively. The parameters in bold highlight the independent variables estimates targeted by the model.