Table 11.

COVID-19 Case Origin Disclosure and Insurance Take-up: The Moderating Role of Confidence in Local Government

This table reports the results on the role of confidence in local governments in affecting how the take-up of COVID-19 insurance responds to local public disclosure of case origins (Disclose (t-1), a dummy that equals one for having such origin disclosure). Each observation refers to a prefecture-day combination. Robust standard errors in parentheses are clustered at cities. All regression models include a constant and its estimates are not tabulated for brevity. *** p < 0.01, ** p < 0.05, * p < 0.1. Distrust is the average level of people's lack of confidence in local governments (measured at the province level) in 2012, and Distrust is absorbed by prefecture dummies. Distrust ranks from 1 (complete trust) to 4 (complete distrust). The number of observations drops because Distrust in the 2012 CGSS survey does not cover Hainan province and Tibet, which caused a loss of observations in this test. Columns (1) and (3) are restricted to the observations whose Distrust is available.

	(1)	(2)	(3)	(4)
Y =	lnPolicies		lnPremium
Disclose (t-1)	0.043***	0.007	0.072***	0.422**
	(0.014)	(0.173)	(0.017)	(0.175)
Disclose (t-1) × Distrust		0.015		−0.143**
		(0.071)		(0.071)
lnConfirmed (t-1)	0.044***	0.044***	−0.036***	−0.035***
	(0.010)	(0.010)	(0.009)	(0.010)
lnDead (t-1)	0.025	0.026	−0.014	−0.016
	(0.043)	(0.043)	(0.036)	(0.036)
lnProvConfirmed (t-1)	−0.005	−0.005	0.015	0.017*
	(0.006)	(0.006)	(0.010)	(0.010)
Prefecture FEs	Y	Y	Y	Y
Day FEs	Y	Y	Y	Y
Observations	8556	8556	8556	8556
Adjusted R-squared	0.764	0.764	0.879	0.879