Health insurance, agricultural production and investments

Kai Liu, Benjapon Prommawin and Fred Schroyen

Journal of Health Economics, 2024, vol. 97, issue C

Abstract: We study the effects of health insurance coverage on agricultural production decisions, examining the causal relationships by exploiting a health care reform and providing a theoretical framework to elucidate underlying mechanisms. We find that the reform led to long-run increases in total cultivation investments and output, accompanied by a shift in households’ cultivation portfolio towards riskier crops. We explain these findings using a model of agricultural investment, highlighting the important roles of health insurance in mitigating background medical expenditure risks and enhancing health. We also find that the reform improved households’ financial well-being through reduced debts and defaults on loans.

Keywords: Health insurance; Risk-taking; Cultivation; Investments (search for similar items in EconPapers)
JEL-codes: D1 G5 H51 I13 Q12 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jhecon:v:97:y:2024:i:c:s0167629624000638

DOI: 10.1016/j.jhealeco.2024.102918

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