The Financial Burden of Cancer: Financial Ratio Analysis

Radion Svynarenko (), Qun Zhang () and Hyungsoo Kim ()
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Radion Svynarenko: University of Kentucky
Qun Zhang: University of Kentucky
Hyungsoo Kim: University of Kentucky

Journal of Family and Economic Issues, 2019, vol. 40, issue 2, No 3, 165-179

Abstract: Abstract Using nine biannual waves (1998–2014) from the Health and Retirement Study, this study employed fixed-effects models to estimate the relationship between cancer and changes in financial status, measured by liquidity, solvency, and investment ratios. Results show that cancer survivors in the initial stage of cancer care increased their emergency fund equivalent to 15 days of living expenses, along with an increase in their debt to asset ratio by 0.8%, and a decrease of investment asset to net worth ratio by 0.4%. Furthermore, two additional years of post-cancer care and rehabilitation lead to an increase of five more days in emergency cash need and a decrease in investment asset to net worth ratio by 0.3%.

Keywords: Cancer; Financial status; Liquidity; Solvency; Investment; Financial strain (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (4)

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DOI: 10.1007/s10834-018-9587-2

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