A tale of two markets—would housing appreciation prompt insurance participation? Evidence from China’s urban elderly

IF 2.9 3区经济学 Q1 ECONOMICS

Journal of Asian Economics Pub Date : 2024-11-06 DOI:10.1016/j.asieco.2024.101838

Jiajun Han

引用次数: 0

Abstract

This paper investigates how housing wealth affects urban elderly’s commercial health insurance participation by using the discontinuity along housing size formed by China’s housing policies. The empirical results reveal a positive effect of housing wealth on urbanites’ enrolment in commercial health insurance, with elderly previously or currently working in non-public sectors, only having one child, and not having a son exhibiting higher responsiveness to unexpected gains in housing wealth. Moreover, the bumper housing wealth-induced insurance purchasing only takes effect for urban elderly having full homeownership, whereas those with partial ownership and tenants hardly react to housing policies.

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两个市场的故事--住房升值能否促进保险参与？来自中国城市老年人的证据

本文利用中国住房政策形成的住房面积非连续性，研究了住房财富如何影响城镇老年人参加商业医疗保险。实证结果表明，住房财富对城镇居民参加商业医疗保险具有正向影响，曾经或目前在非公有制经济部门工作、只有一个子女和没有儿子的老年人对住房财富的意外增长具有更高的反应性。此外，住房财富诱发的保险购买丰收只对拥有全部住房所有权的城市老年人有效，而拥有部分住房所有权和租房的老年人对住房政策几乎没有反应。

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

Journal of Asian Economics ECONOMICS-

CiteScore

4.70

自引率

9.40%

发文量

期刊介绍： The Journal of Asian Economics provides a forum for publication of increasingly growing research in Asian economic studies and a unique forum for continental Asian economic studies with focus on (i) special studies in adaptive innovation paradigms in Asian economic regimes, (ii) studies relative to unique dimensions of Asian economic development paradigm, as they are investigated by researchers, (iii) comparative studies of development paradigms in other developing continents, Latin America and Africa, (iv) the emerging new pattern of comparative advantages between Asian countries and the United States and North America.