Heterogeneous effects of health shocks in developed countries: Evidence from Australia

نویسندگان

چکیده

We examine how health shocks impact on households' decision to save, and different socioeconomic ethnic groups respond in Australia. find that are associated with a substantial reduction individual savings. do not any substitution of labor supply by partner response an individual's shocks. extend previous work examining whether access formal insurance or government benefits mitigate the economic consequences shock. evidence negative increase receipts public transfers following years. There is fall savings greater for low-income individuals. Individuals who have private more affected shocks, compared individuals insurance, suggesting role selection into insurance.

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ژورنال

عنوان ژورنال: Southern Economic Journal

سال: 2022

ISSN: ['2325-8012', '0038-4038']

DOI: https://doi.org/10.1002/soej.12604