Effects of Health Shocks, Insurance, and Education on Income: Fresh Analysis Using CHNS Panel Data

Issam Khelfaoui, Yuantao Xie, Muhammad Hafeez, Danish Ahmed, Houssem Eddine Degha and Hicham Meskher
Additional contact information
Issam Khelfaoui: School of Insurance and Economics, University of International Business and Economics, Beijing 100029, China
Yuantao Xie: School of Insurance and Economics, University of International Business and Economics, Beijing 100029, China
Muhammad Hafeez: Institute of Business and Management Sciences, University of Agriculture, Faisalabad 38040, Pakistan
Danish Ahmed: School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China
Houssem Eddine Degha: Department of Mathematics and Computer Science, Faculty of Science and Technology, Université de Ghardaia, Ghardaia 47000, Algeria
Hicham Meskher: Laboratory of Valorization and Promotion of Saharan Resources (VPSR), Kasdi-Merbah University, Ouargla 30000, Algeria

IJERPH, 2022, vol. 19, issue 14, 1-17

Abstract: The most important asset for a person is their health and wellbeing. While it is possible to keep one’s health at its best, it is common for people to have health shocks (HSs; negative shocks to an individual’s health). In this study, using Chinese Health and Nutrition Survey (CHNS) panel data, we studied the impact of different HSs on income using new modified methods. Thus, we considered the substantial links among different HSs, levels of education, and insurance types, as well as their impact on people’s wealth defined by their income. The core aim of this study is to help devise and guide new policies to reduce the effect of these HSs through the proper use of education and insurance channels. In this research, we used simple pooled OLS regression to measure the different causality estimates of HSs, education, and insurance, as well as their interactions. Obtained through the use of up-to-date panel data, the study results are consistent with previous research using different HS and education measures. The findings of this research suggest revising previous policies concerning education levels and health insurance schemes.

Keywords: health shocks; income; insurance; education (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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