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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...

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Detalles Bibliográficos
Autores principales: Song, Jiru, Hu, Mingzheng, Li, Shaojie, Ye, Xin
Formato: Online Artículo Texto
Lenguaje:English
Publicado: MDPI 2023
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.
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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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