Empirical investigation of health insurance's stimulatory effects on household tourism expenditure through the dual lens of economic and psychological resources

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-06-20 DOI:10.1016/j.frl.2025.107821

Lin Dong , Xin Li

{"title":"Empirical investigation of health insurance's stimulatory effects on household tourism expenditure through the dual lens of economic and psychological resources","authors":"Lin Dong , Xin Li","doi":"10.1016/j.frl.2025.107821","DOIUrl":null,"url":null,"abstract":"<div><div>Utilizing multi-wave longitudinal data from the China Health and Retirement Longitudinal Study (CHARLS) spanning 2017–2023, this study systematically investigates the mechanistic linkage between medical insurance enrollment and household tourism consumption behaviors. Key findings reveal that: Medical insurance participation demonstrably elevates household tourism expenditure levels; Economic capital exhibits a significant positive moderating effect in this relationship, with wealthier households deriving greater tourism consumption promotion from insurance coverage; Subjective well-being operates as a psychological capital factor that reinforces insured households' tourism spending decisions; The intensity of insurance impact on tourism expenditure manifests pronounced gender-based heterogeneity, as female-headed households exhibit more substantial consumption potential unleashed through medical insurance compared to their male-headed counterparts. This research elucidates the dual pathways through which healthcare security influences household consumption structures via risk mitigation and psychological expectation adjustments.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"84 ","pages":"Article 107821"},"PeriodicalIF":7.4000,"publicationDate":"2025-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1544612325010797","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}

引用次数: 0

Abstract

Utilizing multi-wave longitudinal data from the China Health and Retirement Longitudinal Study (CHARLS) spanning 2017–2023, this study systematically investigates the mechanistic linkage between medical insurance enrollment and household tourism consumption behaviors. Key findings reveal that: Medical insurance participation demonstrably elevates household tourism expenditure levels; Economic capital exhibits a significant positive moderating effect in this relationship, with wealthier households deriving greater tourism consumption promotion from insurance coverage; Subjective well-being operates as a psychological capital factor that reinforces insured households' tourism spending decisions; The intensity of insurance impact on tourism expenditure manifests pronounced gender-based heterogeneity, as female-headed households exhibit more substantial consumption potential unleashed through medical insurance compared to their male-headed counterparts. This research elucidates the dual pathways through which healthcare security influences household consumption structures via risk mitigation and psychological expectation adjustments.

查看原文本刊更多论文

经济资源和心理资源双视角下健康保险对家庭旅游消费刺激效应的实证研究

利用2017-2023年中国健康与退休纵向研究（CHARLS）的多波纵向数据，系统地考察了医保参保与家庭旅游消费行为之间的机制联系。主要研究结果表明：参保显著提高了居民旅游支出水平；经济资本在这一关系中表现出显著的正向调节作用，富裕家庭从保险覆盖率中获得更大的旅游消费促进；主观幸福感作为一种心理资本因素，强化参保家庭的旅游消费决策；保险对旅游支出的影响程度表现出明显的性别异质性，因为与男性户主家庭相比，女性户主家庭通过医疗保险释放出的消费潜力更大。本研究阐明了医疗保障通过风险缓解和心理预期调整影响家庭消费结构的双重途径。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance