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Table 3 Instrumental Variable Fixed Effect Panel Estimates with Age Interactions

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 GHQ12 Female
General Health 0.157*** 0.191*** 0.133***    
(4.82) (3.81) (3.08)    
General health*Age1 −0.0410*** − 0.0401*** − 0.0416***    
(−7.69) (−5.25) (−5.60)    
General health*Age2 −0.0362*** − 0.0147 − 0.0535***    
(−4.52) (−1.22) (−4.91)    
GHQ12     −0.193*** − 0.195*** − 0.193***
    (−11.47) (−9.34) (−7.30)
GHQ12*Age1     0.018*** 0.020*** 0.016***
    (5.03) (4.00) (3.30)
GHQ12*Age2     0.030*** 0.038*** 0.026***
    (6.37) (5.51) (3.87)
Age 0.0219*** 0.0202*** 0.0236*** 0.019*** 0.018*** 0.020***
(24.12) (14.52) (19.54) (19.42) (12.72) (14.25)
BHPS 0.228*** 0.198*** 0.249*** 0.267*** 0.221*** 0.301***
(25.20) (15.24) (19.92) (22.88) (13.70) (17.86)
Couple 0.0939*** 0.0328** 0.140*** 0.054*** 0.014 0.083***
(9.45) (2.29) (10.34) (4.14) (0.79) (4.33)
Higher education −0.0422** −0.0282 −0.0530* −0.043* −0.014 −0.063*
(−1.98) (−0.88) (−1.89) (−1.72) (− 0.40) (−1.86)
Child 0–2 − 0.0518*** −0.0717*** − 0.0336*** −0.057*** − 0.078*** −0.039***
(−7.12) (−6.92) (−3.30) (−6.11) (−6.01) (−2.95)
Child 3–4 −0.0456*** −0.0421*** − 0.0437*** −0.067*** − 0.081*** −0.054***
(−6.18) (−3.87) (−4.36) (− 7.00) (−5.87) (−4.14)
Child 5–11 −0.00634 −0.0146** 0.00342 −0.033*** − 0.022*** −0.039**
(−1.22) (−1.97) (0.48) (−4.80) (−2.45) (−3.63)
Child 12–15 −0.0190*** −0.0276*** − 0.00990 −0.023*** − 0.027*** −0.019*
(−3.37) (− 3.30) (−1.30) (− 3.20) (− 2.62) (−1.86)
Real Family Income 0.0000508*** 0.0000468*** 0.0000581*** 0.0000507*** 0.0000429*** 0.0000632***
(28.31) (21.34) (18.81) (23.33) (16.25) (16.12)
Self Employed 0.195*** 0.202*** 0.189*** 0.150*** 0.150*** 0.142***
(8.05) (5.33) (5.84) (4.67) (3.22) (3.12)
Employed 0.225*** 0.240*** 0.214*** 0.189*** 0.190*** 0.189***
(10.05) (6.62) (7.59) (6.23) (4.22) (4.58)
Unemployed −0.276*** −0.350*** −0.197*** 0.021 −0.045 0.088
(−11.48) (−9.24) (−6.35) (0.51) (−0.81) (1.44)
Retired 0.144*** 0.129*** 0.148*** 0.070** 0.013 0.103***
(6.12) (3.38) (4.98) (2.18) (0.28) (2.39)
Maternity leave 0.225***   0.206*** 0.126***   0.113**
(7.59)   (5.99) (3.04)   (2.25)
Family care 0.0695*** −0.0331 0.0795*** 0.128*** 0.027 0.149***
(2.96) (−0.61) (2.75) (3.91) (0.40) (3.37)
Full-time study 0.0685*** 0.0834** 0.0644* 0.029 0.036 0.031
(2.66) (2.04) (1.96) (0.85) (0.71) (0.66)
Long-term sick −0.0513* −0.123*** 0.00871 0.376*** 0.275*** 0.461***
(−1.77) (−2.71) (0.23) (7.18) (3.99) (5.78)
Constant 2.087*** 2.110*** 2.046*** 4.555*** 4.562*** 4.566***
(17.08) (11.02) (12.84) (25.85) (22.35) (15.55)
n 329,282 146,714 182,568 338,628 150,911 187,717
Sargan-Hansen χ2(3) 1.323 1.547 5.456 4.267 2.047 5.062
First stage
 F(6, 51,268) 11.12***      
66.73***      
66.46***      
 F(6, 22,762)   8.27***     
  49.63***     
  49.54***     
 F(6, 27,992)    106.4***    
   5597.82***    
   2366.27***    
 F(6, 51,550)     59.65***   
    3533.35***   
    1748.14***   
 F(6, 23,145)      36.74***  
     1492.25***  
     654.83***  
 F(6, 28.412)       27.45***
      2073.62***
      1100.02***
  1. t statistics in parentheses *p < 0.10, **p < 0.05, ***p < 0.01