Healthcare expenditure and bank deposits

Nikhil Srivastava, David Tripe and Mui Kuen Yuen

Finance Research Letters, 2023, vol. 58, issue PC

Abstract: This paper investigates the effects of healthcare expenditure on bank deposits in a cross- country analysis. We use government healthcare expenditure, and government and compulsory contributions to the healthcare system as a proxy for healthcare development. The results show a positive relationship between healthcare expenditure and bank deposits. This result is stronger in high income countries and those with a high level of healthcare infrastructure. The results are robust with various specifications tests, including in the COVID-19 pandemic period.

Keywords: Bank deposits; Health expenditure; Precautionary savings (search for similar items in EconPapers)
JEL-codes: G21 I21 J24 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pc:s1544612323009200

DOI: 10.1016/j.frl.2023.104548

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