Can private health insurance improve happiness? Evidence from European countries

Gabriela Mihaela Muresan, Cristina Ciumas, Simona Laura Dragos and Codruta Mare

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

Abstract: Happiness was often associated with money or healthy status, but hardly with the insurance sector. Starting from the premise that private health insurance (PHI) products contribute to the quality of life through the coverage level of each policy, one major aspect remains to be investigated: can private health insurance improve people's reported happiness in the European context? Using a panel analysis on a sample of 30 European countries over the 2010–2020 period, our results show that PHI is a significant determinant of happiness. This new outlook can improve the list of benefits that come with signing a PHI policy.

Keywords: Happiness; Health insurance; Healthy life; Life satisfaction (search for similar items in EconPapers)
JEL-codes: C33 G22 G52 I13 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pd:s1544612323009807

DOI: 10.1016/j.frl.2023.104608

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