Basic Medical Insurance and the Dynamic Evolution of Asset Structure of Urban Workers
As the basic unit of social and economic activities,family income,consumption and asset allocation behavior will have a profound impact on social and economic activities.Therefore,how social medical insurance affects family asset structure has become a concern.Firstly,based on the life cycle theory,we establish a theoretical model including health risk and health insurance,study the impact of basic medical insurance and health risk on individual income sequence,consumption sequence and asset sequence in the working stage and retirement stage,and conduct numerical simulation.We find that the probability of loss,the degree of loss,the deductible rate and the operating cost of basic medical insurance will reduce individual income and consumption,increase the assets in the working stage and reduce the assets in the retirement stage.The proportion of enterprises will increase income consumption,reduce working-stage assets and increase retirement-stage assets.Secondly,the CHFS data from 2015 to 2019 are used for testing.The benchmark regression confirms that health risks will reduce household income and consumption,increase the level of assets in the working stage and reduce the level of assets in the retirement stage.basic medical insurance will make up for the decline in income and consumption,but it will reduce the level of assets in the working stage and increase the level of assets in the retirement stage.The above relationship will change with time,but the overall impact direction will remain unchanged.The simultaneous equation regression finds that the current capital of the family is positively correlated with the current income and negatively correlated with the current consumption,so that health risks and basic medical insurance can promote the dynamic evolution of the family asset structure.Finally,we propose to promote the further integration of basic medical insurance and further improve the protection norms of basic medical insurance,and set targeted protection measures for different insured people.
Social medical insuranceHealth risksFamily asset structure
万方数据
维普
