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Empirical investigation of health insurance's stimulatory effects on household tourism expenditure through the dual lens of economic and psychological resources

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  • Dong, Lin
  • Li, Xin

Abstract

Utilizing multi-wave longitudinal data from the China Health and Retirement Longitudinal Study (CHARLS) spanning 2017–2023, this study systematically investigates the mechanistic linkage between medical insurance enrollment and household tourism consumption behaviors. Key findings reveal that: Medical insurance participation demonstrably elevates household tourism expenditure levels; Economic capital exhibits a significant positive moderating effect in this relationship, with wealthier households deriving greater tourism consumption promotion from insurance coverage; Subjective well-being operates as a psychological capital factor that reinforces insured households' tourism spending decisions; The intensity of insurance impact on tourism expenditure manifests pronounced gender-based heterogeneity, as female-headed households exhibit more substantial consumption potential unleashed through medical insurance compared to their male-headed counterparts. This research elucidates the dual pathways through which healthcare security influences household consumption structures via risk mitigation and psychological expectation adjustments.

Suggested Citation

  • Dong, Lin & Li, Xin, 2025. "Empirical investigation of health insurance's stimulatory effects on household tourism expenditure through the dual lens of economic and psychological resources," Finance Research Letters, Elsevier, vol. 84(C).
    • Handle: RePEc:eee:finlet:v:84:y:2025:i:c:s1544612325010797
    DOI: 10.1016/j.frl.2025.107821
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    References listed on IDEAS

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