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Healthcare expenditure and bank deposits

Author

Listed:
  • Srivastava, Nikhil
  • Tripe, David
  • Yuen, Mui Kuen

Abstract

This paper investigates the effects of healthcare expenditure on bank deposits in a cross- country analysis. We use government healthcare expenditure, and government and compulsory contributions to the healthcare system as a proxy for healthcare development. The results show a positive relationship between healthcare expenditure and bank deposits. This result is stronger in high income countries and those with a high level of healthcare infrastructure. The results are robust with various specifications tests, including in the COVID-19 pandemic period.

Suggested Citation

  • Srivastava, Nikhil & Tripe, David & Yuen, Mui Kuen, 2023. "Healthcare expenditure and bank deposits," Finance Research Letters, Elsevier, vol. 58(PC).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pc:s1544612323009200
    DOI: 10.1016/j.frl.2023.104548
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    More about this item

    Keywords

    Bank deposits; Health expenditure; Precautionary savings;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education

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