Family ties and commercial health insurance consumption in China

Hua Chen, Yugang Ding (), Ruixian Li () and ShanShan Mou ()
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Yugang Ding: Guangdong University of Foreign Studies
Ruixian Li: Central University of Finance and Economics
ShanShan Mou: Central University of Finance and Economics

The Geneva Papers on Risk and Insurance - Issues and Practice, 2023, vol. 48, issue 1, No 10, 247-265

Abstract: Abstract Studying the factors that influence commercial health insurance consumption is essential in insurance economics. Family ties are important factors that affect consumer behaviour, especially in Eastern countries such as China. We construct an index to measure family ties and examine their effect on commercial health insurance consumption. We also use an instrumental variable approach to address endogeneity and apply a complementary log–log regression to deal with rare-event bias. We find that family ties have significantly positive impacts on individuals’ and families’ commercial health insurance consumption. The effect of family ties on commercial health insurance consumption is greater in individuals/families with higher income levels, those in eastern provinces, and those who are older.

Keywords: Family ties; Consumption; Commercial health insurance; China (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1057/s41288-021-00242-6

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