The impact of health insurance on stockholding: A regression discontinuity approach
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http://hdl.handle.net/10045/101209
Title: | The impact of health insurance on stockholding: A regression discontinuity approach |
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Authors: | Christelis, Dimitris | Georgarakos, Dimitris | Sanz-de-Galdeano, Anna |
Research Group/s: | Economía Laboral y Econometría (ELYE) |
Center, Department or Service: | Universidad de Alicante. Departamento de Fundamentos del Análisis Económico |
Keywords: | Health insurance | Medicare | Stockholding | Regression discontinuity | Household finance |
Knowledge Area: | Fundamentos del Análisis Económico |
Issue Date: | Jan-2020 |
Publisher: | Elsevier |
Citation: | Journal of Health Economics. 2020, 69: 102246. doi:10.1016/j.jhealeco.2019.102246 |
Abstract: | Economic theory predicts that a reduction in background risk should induce financial risk-taking, particularly for individuals with low stock market participation costs. Hence, health insurance coverage could affect financial risk-taking by offsetting health-related background risk. We use a regression discontinuity design to examine whether Medicare eligibility at age 65 increases stockholding in the US and find that it does so for those with college education, but not for their less-educated counterparts who face higher stock market participation costs. Our results are unlikely due to the reduction of medical expenses associated with Medicare coverage because the latter does not affect bondholding. |
URI: | http://hdl.handle.net/10045/101209 |
ISSN: | 0167-6296 (Print) | 1879-1646 (Online) |
DOI: | 10.1016/j.jhealeco.2019.102246 |
Language: | eng |
Type: | info:eu-repo/semantics/article |
Rights: | © 2019 Elsevier B.V. |
Peer Review: | si |
Publisher version: | https://doi.org/10.1016/j.jhealeco.2019.102246 |
Appears in Collections: | INV - ELYE - Artículos de Revistas |
Files in This Item:
File | Description | Size | Format | |
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2020_Christelis_etal_JHealthEconomics_final.pdf | Versión final (acceso restringido) | 1,29 MB | Adobe PDF | Open Request a copy |
2020_Christelis_etal_JHealthEconomics_accepted.pdf | Accepted Manuscript (acceso abierto) | 3,32 MB | Adobe PDF | Open Preview |
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