Table 3-3: The Effects of For-Profit Status and the Treatments on Quality of Workers (Insurance Effect (B))

Share of Regular Workers	Share of Qualified Workers	Share of Male Workers	Job Instability (Regular) (With Plan to Hire Additional Workers)	Job Stability (Regular) (No Plan to Hire Additional Workers)	Job Instability (Non-Regular) (With Plan to Hire Additional Workers)	Job Stability (Non-Regular) (No Plan to Hire Additional Workers)	Insufficient in Future (Home Helper)	Insufficient in Future (Care Manager)	Insufficient in Future (Staff Nurse)	Insufficient in Future (Staff Semi-Nurse)	Insufficient in Future (Staff Semi-Nurse)	Professional Training (inside or outside)	Professional Training (inside only)	Professional Training (outside only)
Panel (9) Health Insurance (Regular Workers)
Profit Dummy	-0.012	-0.005	0.010	0.062	**	-0.053	**	0.079	**	-0.024	0.171	**	0.057	0.044	-0.020
(0.020)	(0.018)	(0.012)	(0.027)	(0.024)	(0.033)	(0.018)	(0.037)	(0.042)	(0.029)	(0.042)	(0.035)	(0.044)	(0.029)	(0.031)
Treatments	-0.059	-0.160	**	-0.043	0.267	**	-0.042	0.178	*	-0.059	0.115	0.090	**	-0.381	**
(0.104)	(0.033)	(0.068)	(0.040)	(0.138)	(0.104)	(0.055)	(0.146)	(0.030)	(0.084)	(0.068)	(0.042)	(0.087)	(0.025)	(0.022)
Log likelihood	-352.266	-107.60803	299.415	-579.406	-521.598	-884.967	-212.564	-1045.784	-1194.367	-747.4901	-1037.281	-812.7778	-1092.945	-548.2963	-858.9677
Panel (10) Health Insurance (Short-term Workers)
Profit Dummy	-0.051	**	0.016	0.010	0.054	**	-0.030	0.080	**	-0.027	0.202	**	0.055	0.063	-0.020
(0.020)	(0.016)	(0.012)	(0.023)	(0.022)	(0.030)	(0.017)	(0.017)	(0.041)	(0.040)	(0.027)	(0.039)	(0.031)	(0.041)	(0.023)
Treatments	0.186	**	0.094	-0.043	-0.014	-0.079	-0.089	-0.027	0.808	-0.012	0.045	0.650	**	-0.719	**
(0.093)	(0.058)	(0.068)	(0.145)	(0.055)	(0.097)	(0.063)	(0.059)	(0.059)	(0.284)	(0.085)	(0.041)	(0.034)	(0.043)	(0.076)
Log likelihood	-99.221	139.211	299.415	-295.270	-235.051	-597.611	76.432	-802.0657	-910.7968	-467.7524	-761.1379	-523.0901	-782.29	-290.9135	-535.9883
Panel (11) Health Insurance (Non-Regular Workers)
Profit Dummy	-0.007	0.000	0.018	0.059	**	-0.046	**	0.068	**	-0.013	0.158	**	0.050	0.040	0.025
(0.020)	(0.016)	(0.012)	(0.026)	(0.023)	(0.032)	(0.018)	(0.037)	(0.042)	(0.028)	(0.037)	(0.030)	(0.042)	(0.025)	(0.031)
Treatments	-0.033	0.154	**	0.434	**	0.004	-0.008	0.267	**	0.041	-0.117	-0.027	-0.175	-0.760	**
(0.081)	(0.041)	(0.014)	(0.029)	(0.059)	(0.087)	(0.018)	(0.126)	(0.239)	(0.082)	(0.130)	(0.094)	(0.051)	(0.034)	(0.095)
Log likelihood	2.007	247.476	678.716	-187.083	-148.555	-515.047	218.749	-688.3518	-828.6122	-376.5659	-682.543	-458.3589	-709.1719	-190.7035	-496.2205
Panel (12) Public Pension (Regular Workers)
Profit Dummy	-0.008	-0.006	0.008	0.069	**	-0.054	**	0.082	**	-0.025	0.172	**	0.068	0.048	-0.001
(0.021)	(0.018)	(0.012)	(0.027)	(0.025)	(0.033)	(0.018)	(0.038)	(0.048)	(0.029)	(0.042)	(0.042)	(0.035)	(0.044)	(0.029)
Treatments	-0.001	-0.172	**	-0.042	0.278	**	-0.058	0.185	**	-0.059	0.099	0.295	0.082	-0.477	0.502
(0.086)	(0.031)	(0.055)	(0.037)	(0.168)	(0.093)	(0.052)	(0.052)	(0.129)	(0.349)	(0.088)	(0.073)	(0.043)	(0.095)	(0.025)
Log likelihood	-345.711	-96.474	307.485	-570.146	-514.028	-877.618	-205.346	-1040.184	-1186.601	-738.8647	-1030.513	-804.7626	-1086.309	-539.4172	-850.5256
Panel (13) Public Pension (Short-Term Workers)
Profit Dummy	-0.013	0.002	0.014	0.058	**	-0.052	**	0.075	**	-0.026	0.168	**	0.049	0.038	-0.004
(0.021)	(0.016)	(0.011)	(0.024)	(0.023)	(0.032)	(0.018)	(0.037)	(0.042)	(0.028)	(0.028)	(0.037)	(0.030)	(0.043)	(0.024)
Treatments	0.299	**	0.091	-0.088	**	-0.057	-0.083	-0.078	-0.036	0.076	-0.055	0.000	-0.038	0.015	-0.035
(0.055)	(0.058)	(0.030)	(0.074)	(0.053)	(0.120)	(0.045)	(0.142)	(0.244)	(0.068)	(0.209)	(0.107)	(0.048)	(0.063)	(0.031)
Log likelihood	-44.686	189.179	606.463	-269.613	-205.079	-572.931	99.480	-744.1027	-879.7316	-435.7339	-739.1777	-516.7685	-754.8808	-261.6039	-503.1178
Panel (14) Public Pension (Non-Regular Workers)
Profit Dummy	-0.002	-0.004	0.026	0.048	**	-0.046	**	0.068	**	-0.003	0.152	**	0.073	0.048	-0.002
(0.020)	(0.016)	(0.012)	(0.024)	(0.023)	(0.031)	(0.014)	(0.037)	(0.046)	(0.029)	(0.037)	(0.030)	(0.041)	(0.025)	(0.031)
Treatments	-0.102	0.127	**	0.211	**	0.017	0.021	0.004	0.288	**	0.073	0.877	**	-0.177	-0.765
(0.089)	(0.046)	(0.012)	(0.106)	(0.062)	(0.092)	(0.006)	(0.006)	(0.138)	(0.033)	(0.029)	(0.145)	(0.101)	(0.050)	(0.033)
Log likelihood	10.161	251.815	690.021	-207.738	-137.243	-503.775	278.660	-679.0026	-795.107	-344.8815	-673.6259	-448.5005	-695.5346	-177.227	-484.8867

(Note) The estimated coefficients on a dummy variable for for-profit status and estimated treatment effects in Equation (1). The numbers in the parenthesis are standard errors.

* refers to 10% level significance and ** does to 5% level in the last column.