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Effects of health insurance coverage on household financial portfolio: Evidence from the Affordable Care Act

Daeyong Lee

Economics Letters, 2018, vol. 171, issue C, 176-179

Abstract: This article examines the effects of the health insurance coverage mandate for dependents on household financial portfolio decisions by focusing on the Affordable Care Act of 2010. Using the Survey of Income and Program Participation data, the author finds that the dependent coverage mandate significantly increased (decreased) the share of stocks (bonds and other interest-accruing assets) by 2.5 (1.3 and 1.1) percentage points for households having both parental employer-sponsored health insurance and dependent children aged 19 to 25 years.

Keywords: Health insurance; Financial portfolio; Health-related risk; Investment risk; Dependent coverage mandate; Affordable Care Act (search for similar items in EconPapers)
JEL-codes: H51 I18 D14 (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:eee:ecolet:v:171:y:2018:i:c:p:176-179