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

Yaxuan Liu, Yu Hao & Zhi-Nan Lu
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...
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