From: Health shock, medical insurance and financial asset allocation: evidence from CHFS in China
 | Holding Risky Financial Asset | Proportion of Risky Financial Asset | ||
---|---|---|---|---|
 | Rural | Urban | Rural | Urban |
 | (1) | (2) | (3) | (4) |
Commercial medical insurance | 0.042*** | 0.124*** | 0.020*** | 0.071*** |
 | (0.012) | (0.016) | (0.007) | (0.011) |
Social medical insurance | 0.003 | 0.034*** | 0.000 | 0.014* |
 | (0.004) | (0.012) | (0.003) | (0.008) |
Health shock | 0.004 | -0.012 | 0.004** | -0.008 |
 | (0.003) | (0.009) | (0.002) | (0.006) |
Health shock on family member | 0.005* | -0.017* | 0.002 | -0.013** |
 | (0.003) | (0.010) | (0.002) | (0.006) |
Individual controls | Yes | Yes | Yes | Yes |
Household controls | Yes | Yes | Yes | Yes |
Province FE | Yes | Yes | Yes | Yes |
Observations | 15,313 | 11,263 | 15,313 | 11,263 |
R-squared | 0.066 | 0.163 | 0.048 | 0.129 |