Table 5.
Parameter estimations in the models for subjective health shocks and simulated weighted HSs.
| Parameters | (21) | (22) | (23) | (24) | p = 0.1 | p = 0.01 | p = 0.5 |
|---|---|---|---|---|---|---|---|
| SHS | −0.220 *** (−23.45) | −0.195 *** (−20.49) | −0.322 *** (−22.87) | −0.345 *** (−21.27) | |||
| WHS | −1.286 *** (−22.87) | −0.2518 *** (−2.88) | −1.9150 *** (−20.41) | ||||
| CEDU | 0.051 *** (51.63) | 0.055 *** (39.18) | |||||
| HEDU | 0.246 *** (55.29) | 0.282 *** (40.64) | 0.2816 *** (40.64) | 0.2880 *** (41.21) | 0.2814 *** (40.53) | ||
| INS | −0.051 *** (−2.68) | −0.059 *** (−2.95) | −0.064 *** (−3.32) | −0.057 *** (−2.85) | −0.0639 *** (−3.32) | −0.0860 *** (−4.43) | −0.0622 *** (−3.22) |
| INST | −0.861 *** (−32.65) | −0.845 *** (−29.51) | −0.746 *** (−23.17) | −0.706 *** (−14.38) | −0.7455 *** (−23.17) | −0.7395 *** (−22.79) | −0.7475 *** (−23.21) |
| INS _HEDU | −0.048 *** (−5.53) | −0.0479 *** (−5.53) | −0.0679 *** (−7.85) | −0.0536 *** (−6.21) | |||
| INS _HEDU_SHS | 0.055 *** (9.96) | ||||||
| INS _HEDU_WHS | 0.2206 *** (9.96) | −0.0333 *** (−0.74) | 0.2678 *** (6.90) | ||||
| INS _CEDU | −0.005 *** (−2.96) | ||||||
| INS _CEDU_SHS | 0.009 *** (11.53) | ||||||
| MSI | 0.000 (1.51) | 0.000 (1.55) | 0.000 (1.53) | 0.000 (1.57) | 0.000 (1.53) | 0.000 (1.53) | 0.000 (1.61) |
| FLH | 0.105 *** (4.58) | 0.133 *** (5.57) | 0.107 *** (4.65) | 0.132 *** (5.51) | 0.1066 *** (4.65) | 0.1108 *** (4.78) | 0.1053 *** (4.58) |
| MLH | 0.129 *** (5.86) | 0.127 *** (5.55) | 0.119 *** (5.42) | 0.119 *** (5.18) | 0.1194 *** (5.42) | 0.1291 (5.81) | 0.1239 *** (5.62) |
| SLN | 0.009 *** (33.37) | 0.009 *** (32.60) | 0.009 *** (33.36) | 0.009 *** (32.69) | 0.0087 *** (33.36) | 0.0088 *** (33.47) | 0.0087 *** (33.36) |
| PW | 0.565 *** (11.70) | 0.503 *** (9.55) | 0.550 *** (11.40) | 0.494 *** (9.40) | 0.5503 *** (11.4) | 0.5561 *** (11.42) | 0.5507 *** (11.39) |
| ADW | −0.112 *** (−26.65) | −0.122 *** (−28.38) | −0.111 *** (−26.59) | −0.122 *** (−28.46) | −0.1113 *** (−26.59) | −0.1100 *** (−26.06) | −0.111 *** (−26.53) |
| G | 0.039 *** (3.34) | −0.004 (−0.34) | 0.040 *** (3.43) | −0.003 (−0.23) | 0.0396 *** (3.43) | 0.0413 *** (3.55) | 0.0389 *** (3.36) |
| AGE | 0.033 *** (52.10) | 0.035 *** (51.59) | 0.033 *** (52.07) | 0.035 *** (51.54) | 0.0329 *** (52.07) | 0.0343 *** (53.97) | 0.0333 *** (52.73) |
| PROV | −0.011 *** (−20.17) | −0.012 *** (−20.32) | −0.011 *** (−20.06) | −0.012 *** (−20.22) | −0.0111 *** (−20.06) | −0.011 *** (−19.77) | −0.011 *** (−20.18) |
| USRS | 0.176 *** (13.82) | 0.162 *** (12.22) | 0.174 *** (13.68) | 0.160 *** (12.09) | 0.1742 *** (13.68) | 0.1818 *** (14.15) | 0.1749 *** (13.71) |
| HN | 0.009 *** (52.73) | 0.008 *** (50.89) | 0.042 *** (7.12) | 0.043 *** (7.12) | 0.0084 *** (52.38) | 0.0084 *** (51.98) | 0.0084 *** (52.26) |
| UR | 0.145 *** (40.44) | 0.148 *** (39.07) | 0.144 *** (40.18) | 0.147 *** (38.74) | 0.1442 *** (40.18) | 0.1490 *** (41.17) | 0.1449 *** (40.31) |
| UNCN | 0.042 *** (7.14) | 0.044 *** (7.20) | 0.008 *** (52.38) | 0.008 *** (50.53) | 0.0417 *** (7.12) | 0.0423 *** (7.16) | 0.0414 *** (7.05) |
| Intercept | 3.407 *** (49.11) | 2.952 *** (38.04) | 3.340 *** (47.92) | 2.869 *** (36.26) | 3.3397 *** (47.92) | 3.2805 *** (46.69) | 3.3424 *** (47.88) |
| Adj_R2 | 0.4820 | 0.4752 | 0.4842 | 0.4777 | 0.4747 | 0.4827 | 0.4842 |
Note: Standard deviations are indicated in parentheses below the coefficients as percentages; and *** represents significance at the and 1% levels, respectively. The parameters in bold highlight the independent variables estimates targeted by the model.