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Household saving, health, and healthcare utilisation in Japan

journal contribution
posted on 15.06.2021, 09:04 by Raslan Alzuabi, Sarah Brown, Daniel Gray, Mark Harris, Christopher Spencer
We explore the effects of health and healthcare utilisation on household saving and financial portfolios using data from the Japanese Household Panel Survey (JHPS) and the Keio Household Panel Survey (KHPS). Poor psychological well-being is found to be associated with lower levels of savings and smaller financial portfolios, whereas associations with poor physical health are largely absent. Significantly, our findings do not support the hypothesis that poorer physical health is associated with savings accumulation. In contrast, healthcare utilisation in the form of hospital visits, hospitalisation, and health screenings is associated with greater savings and larger financial portfolios. This suggests that healthcare based incentives to accumulate savings and financial wealth are related to channels associated with investment in health.

History

School

  • Business and Economics

Department

  • Economics

Published in

Oxford Economic Papers

Publisher

Oxford University Press (OUP)

Version

AM (Accepted Manuscript)

Publisher statement

This is a pre-copyedited, author-produced version of an article accepted for publication in Oxford Economic Papers following peer review. The version of record Alzuabi, R. ... et al. (2021). Household saving, health, and healthcare utilisation in Japan. Oxford Economic Papers, In Press is available online at: https://doi.org/10.1093/oep/gpab025

Acceptance date

01/04/2021

Publication date

2021-06-24

ISSN

0030-7653

eISSN

1464-3812

Language

en

Depositor

Dr Christopher Spencer. Deposit date: 14 June 2021