Version 1
: Received: 7 August 2023 / Approved: 8 August 2023 / Online: 9 August 2023 (08:50:14 CEST)
How to cite:
ZHANG, X. Health Shock, Borrowing, and Rural Household Welfare: Evidence from China. Preprints2023, 2023080698. https://doi.org/10.20944/preprints202308.0698.v1
ZHANG, X. Health Shock, Borrowing, and Rural Household Welfare: Evidence from China. Preprints 2023, 2023080698. https://doi.org/10.20944/preprints202308.0698.v1
ZHANG, X. Health Shock, Borrowing, and Rural Household Welfare: Evidence from China. Preprints2023, 2023080698. https://doi.org/10.20944/preprints202308.0698.v1
APA Style
ZHANG, X. (2023). Health Shock, Borrowing, and Rural Household Welfare: Evidence from China. Preprints. https://doi.org/10.20944/preprints202308.0698.v1
Chicago/Turabian Style
ZHANG, X. 2023 "Health Shock, Borrowing, and Rural Household Welfare: Evidence from China" Preprints. https://doi.org/10.20944/preprints202308.0698.v1
Abstract
Due to the incomplete of China's current social security system, health shocks are one of the main risks faced by rural families. Using data from the 2019 China Household Finance Survey, we examined the impact of borrowing on household welfare when rural households face health shocks. We found that household income and food expenditure both declined significantly when rural households faced health shocks; rural household borrowing was mainly used for the treatment of the diseases, and it had a crowding out effect on tourism and general health care expenditures, but not on education expenditures. We also found that the impact of borrowing on the western region was higher than that on the central and eastern regions from Looking at the impact of borrowing in different regions. Finally, we put forward some suggestions for promoting sustainable rural development from the perspective of medical security, such as accelerating the promotion of new rural medical insurance, helping rural low-income families improve health benefits, establishing diversified financing channels, improving rural financial platforms, and solving the financing difficulties of households to improve the ability of rural households to resist health shocks.
Keywords
Health Shock, Credit, Rural Household Welfare, Sustainable Rural Devlopment, China Household Finance Survey
Subject
Business, Economics and Management, Economics
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
