Table 2 The impact of hospitalization shocks on residents'consumption upgrading

L.y

0.3638^***

0.3121^***

0.2872^***

− 0.0037

(0.0452)

(0.0524)

(0.0371)

(0.0442)

H_rate

0.0752^*

− 0.0682^**

0.0011

0.0447^***

(0.0426)

(0.0339)

(0.0414)

(0.0042)

Gender

− 0.0773

0.0315

− 0.0075

0.0000

(0.0617)

(0.0360)

(0.0454)

(0.0045)

Edu

0.0617

0.0008

− 0.0583

− 0.0096^**

(0.0659)

(0.0818)

(0.0642)

(0.0039)

Marry

− 0.1463^*

− 0.1013^**

0.1250^**

0.0453^***

(0.0772)

(0.0466)

(0.0613)

(0.0093)

Unemp

0.4868

0.1258

− 1.0859^*

− 0.2250^***

(0.6747)

(0.5259)

(0.5977)

(0.0505)

H_size

2.0663^**

− 2.7166^***

− 2.1679^**

− 0.0243

(0.7903)

(0.7257)

(0.8438)

(0.0901)

Dpd_ratio

− 0.0672

0.1215^**

− 0.0199

− 0.0099^**

(0.0565)

(0.0508)

(0.0494)

(0.0041)

Urban

0.0131

0.0057

− 0.0070

0.0238^***

(0.0312)

(0.0164)

(0.0278)

(0.0024)

Social security

− 0.4486^***

0.3092^***

0.4407^***

0.0008

(0.0604)

(0.0359)

(0.0339)

(0.0028)

Tertiary_gdp

− 0.0658

− 0.0262

0.0093

0.0025

(0.0452)

(0.0463)

(0.0413)

(0.0032)

Agri_gdp

− 0.0599

− 0.0618

0.0723

− 0.0007

(0.0598)

(0.0400)

(0.0598)

(0.0046)

Fixed_asset

0.0952^***

− 0.0335^***

− 0.0813^***

− 0.0045^***

(0.0142)

(0.0090)

(0.0176)

(0.0012)

_cons

60.2023^***

27.3892^**

23.6402^***

2.6327^**

(12.6287)

(10.6222)

(5.4691)

(1.0398)

N

521

521

521

521

Arellano-Bond AR(1) Test

− 4.18***

− 3.46**

− 4.33***

− 4.01***

Arellano-Bond AR(2) Test

− 0.22

1.01

− 1.35

− 2.5

Hansen overidentification test

28.44

28.79

29.33

28.99