IDEAS home Printed from https://ideas.repec.org/a/plo/pone00/0242282.html
   My bibliography  Save this article

Effect of air pollution on household insurance purchases. Evidence from China household finance survey data

Author

Listed:
  • Wenxia Zhao

Abstract

In recent years, the health and economic effects of air pollution have attracted considerable attention, and health and insurance services have been closely related to residents’ welfare. However, there are few studies on the influence of pollution on household purchases of insurance. Using data from the 2013 and 2015 China Household Finance Surveys, this study investigates the effect of air pollution on insurance purchases using Logit and Poisson regression models. It is found that air pollution significantly increases the probability of household insurance purchases and the level of premium expenditure, although the impact of air pollution on insurance purchases shows a degree of heterogeneity. Health insurance is more sensitive to air pollution than life insurance and other types of insurance. In areas where NO2 and O3 are the main types of pollutants, air pollution has a greater impact on household insurance purchases.

Suggested Citation

  • Wenxia Zhao, 2020. "Effect of air pollution on household insurance purchases. Evidence from China household finance survey data," PLOS ONE, Public Library of Science, vol. 15(11), pages 1-11, November.
    • Handle: RePEc:plo:pone00:0242282
    DOI: 10.1371/journal.pone.0242282
    as

    Download full text from publisher

    File URL: https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0242282
    Download Restriction: no
    File URL: https://journals.plos.org/plosone/article/file?id=10.1371/journal.pone.0242282&type=printable
    Download Restriction: no
    File URL: https://libkey.io/10.1371/journal.pone.0242282?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Qin, Yu & Wu, Jing & Yan, Jubo, 2019. "Negotiating housing deal on a polluted day: Consequences and possible explanations," Journal of Environmental Economics and Management, Elsevier, vol. 94(C), pages 161-187.
    2. Williams, Austin M., 2019. "Understanding the micro-determinants of defensive behaviors against pollution," Ecological Economics, Elsevier, vol. 163(C), pages 42-51.
    3. Tom Y Chang & Wei Huang & Yongxiang Wang, 2018. "Something in the Air: Pollution and the Demand for Health Insurance," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 85(3), pages 1609-1634.
    4. Zhang, Xin & Zhang, Xiaobo & Chen, Xi, 2017. "Happiness in the air: How does a dirty sky affect mental health and subjective well-being?," Journal of Environmental Economics and Management, Elsevier, vol. 85(C), pages 81-94.
    5. Lavy, Victor & Ebenstein, Avraham & Roth, Sefi, 2014. "The Impact of Short Term Exposure to Ambient Air Pollution on Cognitive Performance and Human Capital Formation," CEPR Discussion Papers 10302, C.E.P.R. Discussion Papers.
    6. Weixian Cai & Jian Chen & Hui Ding, 2016. "Medical Insurance Effects on Household Durable Goods Consumption: Evidence from China," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 52(2), pages 449-460, February.
    7. Shuai Chen & Paulina Oliva & Peng Zhang, 2018. "Air Pollution and Mental Health: Evidence from China," NBER Working Papers 24686, National Bureau of Economic Research, Inc.
    8. Tianlei Pi & Hongyan Wu & Xiaotong Li, 2019. "Does Air Pollution Affect Health and Medical Insurance Cost in the Elderly: An Empirical Evidence from China," Sustainability, MDPI, vol. 11(6), pages 1-49, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chitombo Ezekiel & Kosmas Njanike, 2022. "The determinants of household insurance product in Zimbabwe," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(7), pages 102-109, July.
    2. Li, Xuelian & Lu, Tinghui & Lin, Jyh-Horng & Lai, Yingkuan, 2023. "Assessing insurer green finance in response to manufacturing carbon emissions trading in a dragon-king environment: A capped barrier cap option approach," Energy Economics, Elsevier, vol. 128(C).
    3. Huiying Chen & Shuyan Gu & Cangcang Jia & Hai Gu & Qinglin Xu & Zi Lin, 2023. "Effects of Household Clean Fuel Combustion on the Physical and Mental Health of the Elderly in Rural China," Sustainability, MDPI, vol. 15(10), pages 1-19, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Penghu Zhu & Boqiang Lin, 2022. "Vanishing Happiness: How Does Pollution Information Disclosure Affect Life Satisfaction?," IJERPH, MDPI, vol. 19(15), pages 1-19, August.
    2. Guo, Liwen & Cheng, Zhiming & Tani, Massimiliano & Cook, Sarah & Zhao, Jiaqi & Chen, Xi, 2022. "Air Pollution and Entrepreneurship," GLO Discussion Paper Series 1196, Global Labor Organization (GLO).
    3. Hongshan Ai & Xiaoqing Tan & Zhen Xia, 2022. "RETRACTED: The Effects of Environmental Regulations on Medical Expenses: Evidence from China," IJERPH, MDPI, vol. 19(13), pages 1-17, June.
    4. Zhonghua Huang & Xuejun Du, 2022. "Does air pollution affect investor cognition and land valuation? Evidence from the Chinese land market," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 50(2), pages 593-613, June.
    5. Yao, Yao & Li, Xue & Smyth, Russell & Zhang, Lin, 2022. "Air pollution and political trust in local government: Evidence from China," Journal of Environmental Economics and Management, Elsevier, vol. 115(C).
    6. Bellani, Luna & Ceolotto, Stefano & Elsner, Benjamin & Pestel, Nico, 2021. "Air Pollution Affects Decision-Making: Evidence from the Ballot Box," IZA Discussion Papers 14718, Institute of Labor Economics (IZA).
    7. Xiangnan Feng & Shuang Ma & Lingling Wen & Yan Zhao, 2021. "Immediate effect of air pollution on labor mobility: empirical evidence from online résumé data," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 67(2), pages 483-512, October.
    8. Chen, Shiyi & Jiang, Lingduo & Liu, Wanlin & Song, Hong, 2022. "Fireworks regulation, air pollution, and public health: Evidence from China," Regional Science and Urban Economics, Elsevier, vol. 92(C).
    9. Zhenyu Yao & Wei Zhang & Xinde Ji & Weizhe Weng, 2023. "Short-Term Exposure to Air Pollution and Cognitive Performance: New Evidence from China’s College English Test," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 85(1), pages 211-237, May.
    10. Yayun Ren & Jian Yu & Guanglai Zhang & Chang Zhang & Wenmei Liao, 2023. "The Short- and Long-Run Impacts of Air Pollution on Human Health: New Evidence from China," IJERPH, MDPI, vol. 20(3), pages 1-23, January.
    11. Andrea Baranzini & Stefano Carattini & Linda Tesauro, 2021. "Designing Effective and Acceptable Road Pricing Schemes: Evidence from the Geneva Congestion Charge," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(3), pages 417-482, July.
    12. Ming, Yaxin & Deng, Huixin & Wu, Xiaoyue, 2022. "The negative effect of air pollution on people's pro-environmental behavior," Journal of Business Research, Elsevier, vol. 142(C), pages 72-87.
    13. Lin, Jiada & Wan, Haiyuan & Yu, Yangcheng, 2024. "What you breathe makes you poor: The effect of air pollution on income," China Economic Review, Elsevier, vol. 83(C).
    14. Colmer, Jonathan & Lin, Dajun & Liu, Siying & Shimshack, Jay, 2021. "Why are pollution damages lower in developed countries? Insights from high-Income, high-particulate matter Hong Kong," Journal of Health Economics, Elsevier, vol. 79(C).
    15. Shiyu Bo, 2021. "Environmental Regulations, Political Incentives and Local Economic Activities: Evidence from China," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 83(3), pages 812-835, June.
    16. Wang, Jinxian & Wang, Yangjie & Sun, Cuicui & Chen, Xiaohong, 2021. "Does mandatory air quality information disclosure raise happiness? Evidence from China," Energy Economics, Elsevier, vol. 94(C).
    17. Yu, Shuangli & Shen, Yuxin & Zhang, Fan & Shen, Yongjian & Xu, Zefeng, 2022. "Air pollution and executive incentive: Evidence from pay-performance sensitivity," International Review of Financial Analysis, Elsevier, vol. 82(C).
    18. Chen, Shuai & Oliva, Paulina & Zhang, Peng, 2022. "The effect of air pollution on migration: Evidence from China," Journal of Development Economics, Elsevier, vol. 156(C).
    19. Mengna Luan & Zhigang Tao & Hongjie Yuan, 2023. "Alive but not well: The neglected cost of air pollution," Health Economics, John Wiley & Sons, Ltd., vol. 32(11), pages 2535-2567, November.
    20. Chen, Siyu & Guo, Chongshan & Huang, Xinfei, 2018. "Air Pollution, Student Health, and School Absences: Evidence from China," Journal of Environmental Economics and Management, Elsevier, vol. 92(C), pages 465-497.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:plo:pone00:0242282. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: plosone (email available below). General contact details of provider: https://journals.plos.org/plosone/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.