Research on the Impact of Health Investment on the Effectiveness of Household Portfolio
Health can be regarded as a typical background risk that has an important impact on household investment and financing decisions.Based on China Household Finance Survey(CHFS)data in 2019,the impact of health investment on household portfolio effectiveness is investigated by using ordinary least squares(OLS)and two-stage least squares(2SLS).It is found that health investment significantly enhances household portfolio effectiveness,producing robust results,and that health investment can affect the effectiveness of household portfolio by influencing the level of financial literacy and household income.In addition,health investment has a greater impact on the portfolio effectiveness of households in urban areas,households in the eastern region,and households with secondary and higher education.The study provides an important theoretical basis and policy implications for dealing with how health investment affects household wealth.
NETL
NSTL
万方数据
维普
