Variable

(1) C

(2) Nec

(3) Dev

LnHP

0.070***

(5.97)

0.080***

(5.62)

0.067***

(3.22)

LnIncome

0.484***

(23.01)

0.511***

(21.76)

0.391***

(11.67)

N

0.109***

(4.83)

0.107***

(3.55)

0.114**

(2.58)

FS

0.070***

(4.81)

0.048***

(2.99)

0.128***

(4.87)

Age

0.002

(1.34)

0.005**

(2.58)

−0.005*

(−1.76)

Gender

0.059**

(2.40)

0.085***

(2.96)

0.023

(0.56)

Edu

0.001

(0.49)

−0.001

(−0.47)

0.006

(1.61)

Marriage

−0.119

(−1.34)

−0.135

(−1.39)

−0.048

(−0.35)

Work

0.040

(1.52)

0.093***

(3.08)

0.001

(0.03)

Health

−0.042

(−1.34)

−0.005

(−0.13)

−0.124**

(−2.40)

Constant

3.825***

(15.92)

2.912***

(10.87)

3.627**

(9.21)

Ob

10,185

10,185

10,185

R²

0.306

0.278

0.110

Fixed effect

Yes

Yes

Yes

F-test

1.22

(0.0000)

1.21

(0.0000)

1.51

(0.0000)

Hausman test

150.12

(0.0000)