Results from the unit value and budget share regression
| Variables | Unit value (per pack, ln) | Cigarette budget share (%) | ||
| Total expenditure (ln) | 0.061*** | (0.008) | 0.004*** | (0.001) |
| Household size (ln) | 0.041*** | (0.004) | 0.003*** | (0.001) |
| Male ratio | −0.008 | (0.007) | 0.016*** | (0.001) |
| Adult ratio | −0.033*** | (0.009) | 0.005** | (0.002) |
| Mean education | 0.003*** | (0.001) | 0.0004** | (0.000) |
| Maximum education | 0.005 | (0.005) | 0.003*** | (0.000) |
| Maximum education*total expenditure (ln) | −0.0005 | (0.001) | −0.001*** | (0.000) |
| Household type | ||||
| Employed | Omitted | |||
| Unemployed | −0.023*** | (0.008) | −0.000 | (0.002) |
| Pensioners | −0.024*** | (0.006) | −0.007*** | (0.001) |
| Self-employed | −0.006 | (0.005) | −0.008*** | (0.001) |
| Cluster dummies |
F (260, 5557) 68.997*** |
F (266, 13 975) 3.611*** | ||
| Constant | 0.609*** | (0.057) | −0.012*** | (0.009) |
| Observations | 5828 | 14.252 | ||
| R2 | 0.811 | 0.091 | ||
SEs in parentheses; * (first column) indicates multiplication i.e. interaction between two variables; ***p<0.01; **p<0.05.
Source: Authors’ calculation based on the Household Budget Surveys (HBS) data.