Health shock, medical insurance and financial asset allocation: evidence from CHFS in China.

ABSTRACT:

Background

As health care cost is taking an increasingly substantial proportion of national wealth, health shocks and the subsequent medical expenditures have become increasingly vital contributions to financial risks. However, the individual or combined effects of social and financial medical insurance on household financial behaviors are poorly understood. This research aims to examine the effect of health shocks on financial asset mobility and portfolio allocation of the household. Also, whether medical insurance positively affects the financial market will be analyzed.

Methods

Linear-regression models are used to determine the relationship between health shock, medical insurance, and household financial behaviors, including liquidity measures and financial portfolio (ris

SUBMITTER: Liu Y 

PROVIDER: S-EPMC9585822 | biostudies-literature | 2022 Oct

REPOSITORIES: biostudies-literature