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Identifier to cite or link to this item: https://hdl.handle.net/10086/30082

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Title
Household Saving, Health, and Healthcare Utilisation in Japan
Creator
Creator Name
Alzuabi, Raslan Alzuabi, Raslan
Affiliation
Affiliation Name
University of Sheffield
Creator Name
Brown, Sarah Brown, Sarah
Affiliation
Affiliation Name
University of Sheffield
Creator Name
Gray, Daniel Gray, Daniel
Affiliation
Affiliation Name
University of Sheffield
Creator Name
Harris, Mark N. Harris, Mark N.
Affiliation
Affiliation Name
Curtin University
Creator Name
Spencer, Christopher Spencer, Christopher
Affiliation
Affiliation Name
Loughborough University
Editor
Contributor Name
Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University
Key Word
Asset Allocation
Censored Quantile Regressions
Fractional Models
Health and Healthcare Utilization
Savings and Financial Assets
Tobit Model
JEL
C33
C35
D14
G11
Abstract
The impact of health and healthcare utilisation on household savings and financial portfolios is explored using data from the Japanese Household Panel Survey (JHPS) and he Keio Household Panel Survey (KHPS). Whereas poor physical health is associated with higher savings and larger financial portfolios, poor mental health is found to have the opposite effects. Hospital visits, hospitalisation, and screening are associated with greater savings and larger financial portfolios. We also explore how the share of savings expressed as a proportion of total financial assets is affected by our health measures. We find that portfolio re-balancing effects associated with our health measures are outweighed by pure 'size' effects, in that our health measures affect the total value of a household's financial portfolio and its components (i.e., savings and securities), but not its overall composition.
Publisher
Institute of Economic Research, Hitotsubashi University
Issued Date
2019-02
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
CEI Working Paper Series, No. 2018-17
Relation
Related Identifier
URI
  http://cei.ier.hit-u.ac.jp/English/index.html
Number of Pages
49
Sponsorship
the Institute of Economic Research (IER) at Hitotsubashi University
the Australian Research Council
Appears in Collections
CEI Working Paper Series
URL
https://hdl.handle.net/10086/30082