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The Financial Burden of Cancer: Financial Ratio Analysis

Author

Listed:
  • Radion Svynarenko

    (University of Kentucky
    Institute of Social and Political Psychology)

  • Qun Zhang

    (University of Kentucky)

  • Hyungsoo Kim

    (University of Kentucky)

Abstract

Using nine biannual waves (1998–2014) from the Health and Retirement Study, this study employed fixed-effects models to estimate the relationship between cancer and changes in financial status, measured by liquidity, solvency, and investment ratios. Results show that cancer survivors in the initial stage of cancer care increased their emergency fund equivalent to 15 days of living expenses, along with an increase in their debt to asset ratio by 0.8%, and a decrease of investment asset to net worth ratio by 0.4%. Furthermore, two additional years of post-cancer care and rehabilitation lead to an increase of five more days in emergency cash need and a decrease in investment asset to net worth ratio by 0.3%.

Suggested Citation

  • Radion Svynarenko & Qun Zhang & Hyungsoo Kim, 2019. "The Financial Burden of Cancer: Financial Ratio Analysis," Journal of Family and Economic Issues, Springer, vol. 40(2), pages 165-179, June.
    • Handle: RePEc:kap:jfamec:v:40:y:2019:i:2:d:10.1007_s10834-018-9587-2
    DOI: 10.1007/s10834-018-9587-2
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    References listed on IDEAS

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    Cited by:

    1. Qun Zhang & Hyungsoo Kim, 2023. "Health shocks and mortgage debt payoff among American homeowners over age 50: A survival analysis," Journal of Consumer Affairs, Wiley Blackwell, vol. 57(1), pages 357-386, January.
    2. Irina B. Grafova & Alan C. Monheit & Rizie Kumar, 2020. "How Do Economic Shocks Affect Family Health Care Spending Burdens?," Journal of Family and Economic Issues, Springer, vol. 41(3), pages 442-457, September.
    3. Rui Yao & Yilan Xu & Jie Zhang, 2023. "Financial resilience of two‐worker households from a health perspective," Journal of Consumer Affairs, Wiley Blackwell, vol. 57(3), pages 1258-1280, July.
    4. Christopher R. Tamborini, 2021. "Family and Health over the Past Decade: Review of Selected Studies and Areas of Future Inquiry," Journal of Family and Economic Issues, Springer, vol. 42(1), pages 62-69, July.

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