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Can Health Insurance Improve the Happiness of the Romanian People?

Author

Listed:
  • Gabriela Mihaela Muresan

    (Babe?-Bolyai University, Cluj Napoca, Rom nia)

  • Codruta Mare

    (Babe?-Bolyai University, Cluj Napoca, Rom nia)

  • Dan Tudor Lazar

    (Babe?-Bolyai University, Cluj Napoca, Rom nia)

  • Sorin Paul Lazar

    (Babe?-Bolyai University, Cluj Napoca, Rom nia)

Abstract

Developing a strategy to increase happiness is a major focus of a positive economy. The purpose of the present study is to find an answer to the following question: can insurers contribute to happiness? Starting from the ANOVA approach and regression analysis on the Romanian sample, we show that financial factors, self-rated stress level, age, and private health insurance affect the level of reported happiness. This is one of the first Romanian studies to approach happiness from the perspective of a financial health insurance product. From another perspective, for people without health insurance, income is a key factor of influence. Thus, our paper is primarily addressed to insurers who want to improve their sales techniques and to all insureds who want to know other benefits that appear after signing a health insurance policy.

Suggested Citation

  • Gabriela Mihaela Muresan & Codruta Mare & Dan Tudor Lazar & Sorin Paul Lazar, 2023. "Can Health Insurance Improve the Happiness of the Romanian People?," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 25(64), pages 903-903, August.
    • Handle: RePEc:aes:amfeco:v:25:y:2023:i:64:p:903
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    References listed on IDEAS

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    Cited by:

    1. Muresan, Gabriela Mihaela & Ciumas, Cristina & Dragos, Simona Laura & Mare, Codruta, 2023. "Can private health insurance improve happiness? Evidence from European countries," Finance Research Letters, Elsevier, vol. 58(PD).

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    More about this item

    Keywords

    Happiness; income; health insurance; Romania.;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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