Influence of Paternal Health on Household Consumption—A concurrent discussion of the mitigating effects of health insurance
Population aging profoundly affects family eldercare and medical burdens.Utilizing data from the China Family Panel Stud-ies(CFPS),this study examines the impact of health decline among cohabiting parents on household consumption and the mitigating effects of health insurance.The findings reveal that the health deterioration of parents significantly reduces household consumption.Mechanistic analysis indicates that this decline in paternal health reduces intergenerational downward care and financial support while increasing upward care and financial support,which diminishes children's labor force participation and budget constraints,thereby suppressing consumption.The health decline of older males and seniors exerts a more pronounced inhibitory effect on household con-sumption,especially in households headed by women with lower levels of education.Participation in urban employee health insurance is conducive to alleviating the distorting impact of parental health deterioration on the bidirectional intergenerational care and financial support mechanisms,thereby stabilizing household consumption.There is a need for vigilance against the potential for consumption sup-pression stemming from health issues associated with aging within the family-based elderly care system.
paternal health statushousehold consumptionintergenerational supporthealth insurance
NETL
NSTL
万方数据
