Cash holdings and health shocks

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2024-05-07 DOI:10.1111/roiw.12689

Lin Tian, Alessandra Guariglia, Nicholas Horsewood

引用次数: 0

Abstract

We are the first to investigate how health shocks relate to cash holdings. Using three waves of the China Health and Retirement Longitudinal Study over the period 2013–2018, we document that, for middle‐aged and elderly people living in rural China, the onset of an acute health condition is associated with a 3.0 percentage point higher probability of holding only cash as a safe asset, and a 2.3 percentage point higher proportion of safe assets held in the form of cash. These results are robust to using different samples and estimation methods. We also find that ex‐post reimbursement of medical expenses and lack of bank accessibility may drive the association between health shocks and cash holdings.

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现金持有量与健康冲击

我们首次研究了健康冲击与现金持有量之间的关系。我们利用2013-2018年期间中国健康与退休纵向研究的三个波次，记录了对于生活在中国农村的中老年人来说，急性健康状况的发生与仅持有现金作为安全资产的概率高出3.0个百分点以及以现金形式持有的安全资产比例高出2.3个百分点相关。这些结果在使用不同样本和估算方法时都是稳健的。我们还发现，医疗费用的事后报销和银行服务的缺乏可能会导致健康冲击与现金持有之间的关联。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.