Research Article
The Role of Wealth and Health in Insurance Choice: Bivariate Probit Analysis in China
Table 6
Purchase intention of new rural cooperative medical insurance and social old-age insurance (2).
| | Coefficient | New medical (<60) | New pension (<60) | New medical (≥60) | New pension (≥60) |
| | 1.1748*** (4.56) | −1.3454*** (−6.8059) | 2.4257*** (8.93) | 0.2434 (1.14) | | Wealth | (−2.03) | (−1.2661) | (−0.67) | (−2.04) | | Health | 0.0414** (2.04) | −0.0123 (−0.8036) | 0.0082 (0.34) | −0.0600*** (−3.28) | | Age | 0.0040 (0.89) | 0.0136*** (4.0295) | −0.0143*** (−4.00) | −0.0081*** (−2.85) | | Gender | 0.0261 (0.58) | 0.0486 (1.4264) | 0.0114 (0.22) | 0.0228 (0.57) | | Marriage | −0.2990*** (−3.62) | −0.1773** (−2.4788) | −0.1836*** (−3.14) | −0.0675 (−1.43) | | Education | −0.0427*** (−3.34) | 0.0212** (2.1925) | −0.0377** (−2.20) | −0.0238* (−1.79) |
| | 7451 | 7451 | 5449 | 5449 | | /athrho | 0.3713916*** (11.41) | 0.2797123*** (7.80) | | rho | 0.3552084 | 0.2726388 | | Log Likelihood | −6497.9381 | −4779.6768 | | LR test chi2(1) | 139.912 | 63.1588 | | Prob > chi2 | 0.0000 | 0.0000 |
|
|
Numbers with ***, **, and * are significant at 1-percent, 5-percent and 10-percent level, respectively. statistics are in parentheses.
|
