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Table 2 Instrumental Variable Fixed Effect Panel Estimates

From: Health, subjective financial situation and well-being: a longitudinal observational study

  General Health All General Health Male General Health Female GHQ12 All GHQ12 Male GHQ Female
General Health 0.110*** 0.148*** 0.0839**    
(3.63) (3.22) (2.09)    
GHQ12     −0.167*** −0.168*** −0.166***
    (−13.06) (−10.62) (−8.39)
Age 0.0197*** 0.0185*** 0.0209*** 0.0239*** 0.0228*** 0.0248***
(24.94) (15.31) (20.01) (26.61) (17.49) (20.21)
BHPS 0.225*** 0.194*** 0.248*** 0.267*** 0.222*** 0.300***
(25.04) (15.05) (19.95) (23.49) (14.01) (18.51)
Couple 0.0789*** 0.0146 0.127*** 0.0664*** 0.0286* 0.0964***
(7.99) (1.03) (9.47) (5.60) (1.71) (5.72)
Higher education −0.0498** − 0.0390 −0.0577** − 0.0395* − 0.0121 − 0.0596*
(−2.34) (−1.21) (−2.06) (−1.66) (− 0.35) (− 1.85)
Child 0–2 − 0.0607*** − 0.0805*** − 0.0422*** − 0.0459*** − 0.0637*** −0.0297**
(−8.45) (−7.90) (− 4.19) (− 5.13) (−5.15) (− 2.33)
Child 3–4 − 0.0565*** − 0.0530*** − 0.0545*** −0.0504*** − 0.0607*** −0.0405***
(− 7.78) (−4.97) (− 5.51) (−5.70) (− 4.81) (−3.27)
Child 5–11 − 0.0185*** − 0.0247*** − 0.0103 −0.0138** − 0.00536 −0.0174**
(−3.68) (−3.43) (− 1.49) (− 2.37) (− 0.63) (− 2.16)
Child 12–15 − 0.0286*** − 0.0342*** −0.0218*** − 0.00815 −0.0161 − 0.00132
(−5.12) (− 4.11) (− 2.92) (− 1.18) (− 1.62) (− 0.14)
Real Family Income 0.0000496*** 0.0000457*** 0.0000570*** 0.0000521*** 0.0000447*** 0.0000644***
(27.85) (20.95) (18.63) (24.39) (17.47) (16.68)
Self Employed 0.191*** 0.194*** 0.187*** 0.150*** 0.152*** 0.141***
(7.85) (5.10) (5.78) (4.88) (3.39) (3.26)
Employed 0.222*** 0.236*** 0.212*** 0.191*** 0.194*** 0.189***
(9.91) (6.47) (7.51) (6.58) (4.46) (4.84)
Unemployed −0.277*** − 0.352*** − 0.198*** − 0.00549 − 0.0728 0.0598
(−11.49) (−9.27) (− 6.37) (− 0.15) (− 1.40) (1.09)
Retired 0.159*** 0.165*** 0.153*** 0.0909*** 0.0665 0.107***
(6.80) (4.38) (5.15) (2.97) (1.43) (2.63)
Maternity leave 0.224***   0.204*** 0.134***   0.120**
(7.54)   (5.93) (3.41)   (2.55)
Family care 0.0710*** −0.0351 0.0799*** 0.119*** 0.0168 0.137***
(3.01) (−0.65) (2.76) (3.84) (0.26) (3.34)
Full-time study 0.0670*** 0.0822** 0.0623* 0.0350 0.0455 0.0344
(2.60) (2.00) (1.90) (1.06) (0.93) (0.77)
Long-term sick −0.0556* −0.127*** 0.00422 0.340*** 0.233*** 0.424***
(−1.91) (−2.80) (0.11) (7.10) (3.62) (5.97)
Constant 2.256*** 2.251*** 2.229*** 4.208*** 4.216*** 4.199***
(19.80) (12.66) (14.97) (32.45) (27.76) (19.88)
N 329,282 146,714 182,568 338,628 150,911 187,717
Sargan-Hansen χ2(3) 1.189 1.827 6.006 4.372 2.211 5.229
First-stage
 F(4, 51,751) 252.03***      
 F(4, 23,245)   104.48***     
 F(4, 28,513)    145.57***    
 F(4, 51,550)     53.71***   
 F(4, 23,145)      35.15***  
 F(4, 28,412)       22.45***
  1. t statistics in parentheses *p < 0.10, **p < 0.05, ***p < 0.01