Healthcare expenditure and bank deposits
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Date
2023-10-01
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Elsevier
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CC BY 4.0
Abstract
This paper investigates the effects of healthcare expenditure on bank deposits in a cross-
country analysis. We use government healthcare expenditure, and government and compulsory
contributions to the healthcare system as a proxy for healthcare development. The results show
a positive relationship between healthcare expenditure and bank deposits. This result is
stronger in high income countries and those with a high level of healthcare infrastructure. The
results are robust with various specifications tests, including in the COVID-19 pandemic period.
Description
Keywords
bank deposits, health expenditure, precautionary savings
Citation
Yuen MK, Tripe D, Srivastava N. (2023). Healthcare expenditure and bank deposits. Finance Research Letters.
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Except where otherwised noted, this item's license is described as CC BY 4.0