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

Health Economics Review

Table 10 Medical insurance and Risky Financial Asset Investment

	Holding Risky Financial Asset	Proportion of Risky Financial Asset
	(1)	(2)
Log of Commercial Medical Insurance Premium	0.013***	0.008***
	(0.002)	(0.001)
Log of Social Medical Insurance Premium	-0.002**	-0.002***
	(0.001)	(0.001)
Health shock	0.001	0.001
	(0.004)	(0.003)
Health shock on family member	-0.004	-0.004
	(0.004)	(0.002)
Individual controls	Yes	Yes
Household controls	Yes	Yes
Province FE	Yes	Yes
Observations	24,188	24,188
R-squared	0.193	0.155

Notes: Standard errors are presented in parentheses. Individual control and family variables include gender, age, education level, marriage status, urban/rural status, income per family member, family size, etc. *** p < 0.01, ** p < 0.05, * p < 0.1

ISSN: 2191-1991