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Household saving, health, and healthcare utilization in Japan

journal contribution
posted on 01.04.2022, 14:51 by Raslan Alzuabi, Sarah Brown, Daniel Gray, Mark Harris, Christopher SpencerChristopher 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

Volume

74

Issue

2

Pages

473-497

Publisher

Oxford University Press (OUP)

Version

AM (Accepted Manuscript)

Rights holder

© Oxford University Press

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 Raslan Alzuabi, Sarah Brown, Daniel Gray, Mark N Harris, Christopher Spencer, Household saving, health, and healthcare utilization in Japan, Oxford Economic Papers, Volume 74, Issue 2, April 2022, Pages 473–497 is available online at: https://doi.org/10.1093/oep/gpab025

Acceptance date

01/04/2021

Publication date

2021-06-24

Copyright date

2021

ISSN

0030-7653

eISSN

1464-3812

Language

en

Depositor

Dr Christopher Spencer. Deposit date: 14 June 2021