Table 4 Costs of disability by severity: pooled model, using savings to represent the standard of living
From: The costs of disability in Australia: a hybrid panel-data examination
| Key variables | Current period | Lagged period | ||
|---|---|---|---|---|
| Coef (SE) | Contemporaneous costs (% of income) | Coef (SE) | Long-term Costs (% of income) | |
| Disability severity | ||||
| No limitation | -0.06* (0.03) | 13% | -0.17*** (0.03) | 62% |
| Some limitation | -0.19*** (0.03) | 42% | -0.19*** (0.03) | 69% |
| Severe limitation | -0.32*** (0.05) | 71% | -0.32*** (0.05) | 118% |
| Log of Income | 0.45*** (0.02) | 0.27*** (0.02) | ||
| Hausman test | χ2(4): | 21.9 | p-val: | 0.00 |
| Any disability | ||||
| Disability | -0.14*** (0.03) | 31% | -0.21*** (0.03) | 77% |
| Log of income | 0.45*** (0.02) | 0.27*** (0.02) | ||