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The Impact Mechanism of Household Financial Debt on Physical Health in China
In recent years, Chinese household financial debt has been growing rapidly due to the expansion of mortgage lending. This study aims to examine the impact mechanism of Chinese household financial debt on physical health. Using the 2010–2018 China Household Tracking Survey (CFPS) panel data, we devel...
Autores principales: | , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
MDPI
2023
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10002447/ https://www.ncbi.nlm.nih.gov/pubmed/36901651 http://dx.doi.org/10.3390/ijerph20054643 |
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author | Song, Jiru Hu, Mingzheng Li, Shaojie Ye, Xin |
author_facet | Song, Jiru Hu, Mingzheng Li, Shaojie Ye, Xin |
author_sort | Song, Jiru |
collection | PubMed |
description | In recent years, Chinese household financial debt has been growing rapidly due to the expansion of mortgage lending. This study aims to examine the impact mechanism of Chinese household financial debt on physical health. Using the 2010–2018 China Household Tracking Survey (CFPS) panel data, we developed fixed effects models to explore the effect of household financial debt on individuals’ psychical health, and we also used an instrumental variable to address endogeneity. The findings suggest that there is a negative effect of household financial debt on physical health and these findings still hold after a series of robustness tests. In addition, household financial debt can affect individuals’ physical health through mediating variables, such as healthcare behaviors and mental health, and the effects are more significant for those who are middle-aged, married, and with low-income levels. The findings of this paper are important for developing countries to clarify the relationship between household financial debt and population health, and to develop appropriate health intervention policies for highly indebted households. |
format | Online Article Text |
id | pubmed-10002447 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | MDPI |
record_format | MEDLINE/PubMed |
spelling | pubmed-100024472023-03-11 The Impact Mechanism of Household Financial Debt on Physical Health in China Song, Jiru Hu, Mingzheng Li, Shaojie Ye, Xin Int J Environ Res Public Health Article In recent years, Chinese household financial debt has been growing rapidly due to the expansion of mortgage lending. This study aims to examine the impact mechanism of Chinese household financial debt on physical health. Using the 2010–2018 China Household Tracking Survey (CFPS) panel data, we developed fixed effects models to explore the effect of household financial debt on individuals’ psychical health, and we also used an instrumental variable to address endogeneity. The findings suggest that there is a negative effect of household financial debt on physical health and these findings still hold after a series of robustness tests. In addition, household financial debt can affect individuals’ physical health through mediating variables, such as healthcare behaviors and mental health, and the effects are more significant for those who are middle-aged, married, and with low-income levels. The findings of this paper are important for developing countries to clarify the relationship between household financial debt and population health, and to develop appropriate health intervention policies for highly indebted households. MDPI 2023-03-06 /pmc/articles/PMC10002447/ /pubmed/36901651 http://dx.doi.org/10.3390/ijerph20054643 Text en © 2023 by the authors. https://creativecommons.org/licenses/by/4.0/Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). |
spellingShingle | Article Song, Jiru Hu, Mingzheng Li, Shaojie Ye, Xin The Impact Mechanism of Household Financial Debt on Physical Health in China |
title | The Impact Mechanism of Household Financial Debt on Physical Health in China |
title_full | The Impact Mechanism of Household Financial Debt on Physical Health in China |
title_fullStr | The Impact Mechanism of Household Financial Debt on Physical Health in China |
title_full_unstemmed | The Impact Mechanism of Household Financial Debt on Physical Health in China |
title_short | The Impact Mechanism of Household Financial Debt on Physical Health in China |
title_sort | impact mechanism of household financial debt on physical health in china |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10002447/ https://www.ncbi.nlm.nih.gov/pubmed/36901651 http://dx.doi.org/10.3390/ijerph20054643 |
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