A tale of two markets—would housing appreciation prompt insurance participation? Evidence from China’s urban elderly

Jiajun Han

Journal of Asian Economics, 2024, vol. 95, issue C

Abstract: This paper investigates how housing wealth affects urban elderly’s commercial health insurance participation by using the discontinuity along housing size formed by China’s housing policies. The empirical results reveal a positive effect of housing wealth on urbanites’ enrolment in commercial health insurance, with elderly previously or currently working in non-public sectors, only having one child, and not having a son exhibiting higher responsiveness to unexpected gains in housing wealth. Moreover, the bumper housing wealth-induced insurance purchasing only takes effect for urban elderly having full homeownership, whereas those with partial ownership and tenants hardly react to housing policies.

Keywords: Housing wealth; Commercial health insurance; China’s elderly; Regression discontinuity (search for similar items in EconPapers)
JEL-codes: D15 I13 J14 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:asieco:v:95:y:2024:i:c:s1049007824001337

DOI: 10.1016/j.asieco.2024.101838

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