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2023 Annual Conference

May 16–18, 2023

Palace Station Hotel & Casino, Las Vegas, NV, US

IMPORTANT NOTICE: The date, time, and room assignment of YOUR presentation is SUBJECT TO CHANGE.

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E1c The Relationship Between Health and Financial Strain

Wednesday, May 17, 2023 at 3:45 PM–5:15 PM PDT
Room 1
Short Description

Different studies point out the different direction of the causality between financial strain and health. However, few of them dealt with the endogeneity properly.By applying a two-stage probit model, the endogeneity between health and financial strain can be controlled to some extent, which results in a valid result to show the causality between the two factors and the impact of other control variables. By establishing variables based on the household rather than the individual, the regression results are more likely to show the relationship between household financial factors and health, thus making it more useful to capture the effects of both on each other. In addition to the analysis of causality, this paper also investigate the relationship between the factors like education, income and household type with health and finance. And the robustness test shows that there is a closer relationship between health and fiancial strain in the couple household.

Type of presentation

Accepted Oral Presentation

Submitter

Yanqi Li, The Ohio State University

Authors

Yanqi Li, The Ohio State University
Sherman Hanna, The Ohio State University
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