Research Article
The Role of Wealth and Health in Insurance Choice: Bivariate Probit Analysis in China
Table 3
Willingness to buy health care insurance and pension insurance.
| | Coefficient | If medical | If pension |
| | 0.8851*** (7.13) | 0.0065 (0.07) | | Wealth | (2.95) | (−1.54) | | Health | 0.0407*** (2.68) | −0.0459*** (−4.24) | | Age | 0.0072*** (4.25) | −0.0043*** (−3.41) | | Gender | 0.0291 (0.89) | 0.0217 (0.92) | | Marriage | −0.3895*** (−8.96) | −0.1193*** (−3.34) | | Education | 0.0566*** (5.89) | −0.0065 (−0.93) | | Residence | −0.4306*** (−11.19) | −1.1630*** (−29.62) |
| | 16358 | 16358 | | /athrho | 0.2201336*** (9.47) | | rho | 0.2166454 | | Log likelihood | −12767.295 | | LR test chi2 (1) | 91.8978 | | Prob > chi2 | 0.0000 |
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Numbers with ***, **, and * are significant at 1-percent, 5-percent and 10-percent level, respectively. statistics are in parentheses.
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