BORROWING TO COPE WITH ADVERSE HEALTH EVENTS: LIQUIDITY CONSTRAINTS, INSURANCE COVERAGE, AND UNSECURED DEBT

被引：31

作者：

Babiarz, Patryk ^{[1
]}

Widdows, Richard ^{[2
]}

Yilmazer, Tansel ^{[3
]}

机构：

[1] Univ Alabama, Dept Consumer Sci, Tuscaloosa, AL 35487 USA

[2] Purdue Univ, W Lafayette, IN 47907 USA

[3] Ohio State Univ, Dept Consumer Sci, Columbus, OH 43210 USA

来源：

HEALTH ECONOMICS | 2013年 / 22卷 / 10期

关键词：

unsecured debt; health shocks; health insurance; PRECAUTIONARY MOTIVES; CONSUMPTION; TESTS;

D O I：

10.1002/hec.2877

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

ABSTRACT This article uses data from the Health and Retirement Study for 1998-2010 to investigate whether households respond to the financial stress caused by health problems by increasing their unsecured debt. Results show both the probability of having unsecured debt and the amount of debt increase after an adverse health event among households with low financial assets, who are uninsured, or who have less generous health insurance. The effect of health problems on borrowing is caused by both medical expenditures and disruptions to the income stream. Unsecured debt seems to remain on some households' balance sheets for an extended period. Copyright (c) 2012 John Wiley & Sons, Ltd.

引用

页码：1177 / 1198

页数：22