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How household debt impacts residents’ health: evidence from China

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  • Xinyun Yin
  • Rui Wang
  • Menglu Zhao

Abstract

This paper explores the relationship between household debt and residents’ health. Using the China Family Panel Studies (CFPS) database, we find that household debt has a negative effect, which shows asymmetry and persistence on residents’ health. Further heterogeneity analysis reveals that an increase in the debt level of non-over-indebted households has a more significant negative impact on residents’ health, and, therefore, households need to consider the possible impact on health welfare of increases in their debt level.

Suggested Citation

  • Xinyun Yin & Rui Wang & Menglu Zhao, 2024. "How household debt impacts residents’ health: evidence from China," Applied Economics Letters, Taylor & Francis Journals, vol. 31(11), pages 996-999, June.
    • Handle: RePEc:taf:apeclt:v:31:y:2024:i:11:p:996-999
    DOI: 10.1080/13504851.2023.2166658
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