: 500             (The Effects of the Retirement on Households' Financial Soundness)

Eunyoung, Baek

doi:10.2139/ssrn.3084460

Cited by 2 publications

(1 citation statement)

References 7 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…We chose control variables based on previous studies [19]; characteristics of household (number of household members, type of medical insurance, presence of disabled individuals, children younger than 20 years, elderly individuals aged 65 years or older) and characteristics of the householders (gender, age group, educational level, marital status, employment status). Since the independent and dependent variables in this study were household units, we did not include health-related variables, such as the type of disease and self-reported health, due to these being individual units.…”

Section: Control Variablesmentioning

confidence: 99%

The Financial Burden of Catastrophic Health Expenditure on Households with Chronic Diseases: Financial Ratio Analysis

Jung¹,

Kwon²,

Noh³

2021

Preprint

View full text Add to dashboard Cite

Background: The financial status of households is vulnerable to chronic disease related to high medical expenses and income loss; The financial strain could be assessed by the five indicators. household surplus indicator, liquid asset/debt ratio, solvency indicator, and liquidity indicator.Purpose: We investigated the association between catastrophic health expenditure (CHE) and financial ratio indicators in households with chronic disease in South Korea. Methodology: To determine the financial strain, thresholds were applied to the financial ratios. We conducted multiple logistic regression to figure out whether CHE is associated with financial strain. Furthermore, we analyzed the effect of CHE on absolute finance size, which is basic financial indicators, by multiple linear regression.Results: When CHE occurred, all of the financial ratio indicators deteriorated. However, it was not due to decreases in the absolute size of wealth, income, but rather the relative balance between finances. Especially, the loss of the liquid assets was the major factor of deterioration. Also, all types of labor-related income deteriorated. Only the private transfer income increased.Conclusion: This study revealed that CHE in households with chronic disease negatively impacts the household's finances. It turned out that the financial coping strategies are only resource-consuming.

show abstract

Section: Control Variablesmentioning

confidence: 99%

The Financial Burden of Catastrophic Health Expenditure on Households with Chronic Diseases: Financial Ratio Analysis

Jung¹,

Kwon²,

Noh³

2021

Preprint

View full text Add to dashboard Cite

show abstract

Financial burden of catastrophic health expenditure on households with chronic diseases: financial ratio analysis

Jung

Kwon

Noh

2022

BMC Health Serv Res

View full text Add to dashboard Cite

Background The financial status of households is vulnerable to chronic diseases which entail high medical expenses and income loss. Financial strain can be assessed by four indicators: a household surplus indicator, the liquid asset/debt ratio, a solvency indicator, and a liquidity indicator. We investigated the association between catastrophic health expenditure (CHE) and financial ratio indicators in households with chronic diseases in South Korea. Methods This study applied thresholds to the financial ratios to determine the financial strain. We conducted multiple logistic regression analyses to determine whether CHE is associated with financial strain. Furthermore, we analyzed the relationship between CHE and basic financial indicators, absolute finance size, using multiple linear regression. Results When CHE occurred, all financial ratio indicators deteriorated. However, this was not due to decreases in the absolute size of wealth and income, but rather the relative balance between finances. In particular, the loss of liquid assets was a major factor in the deterioration. In addition, all types of labor-related income deteriorated; only private transfer income increased. Conclusions This study revealed that CHE in households with chronic diseases negatively impacts household finances. It was found that financial coping strategies are only resource consuming.

show abstract

: 500 (The Effects of the Retirement on Households' Financial Soundness)

Cited by 2 publications

References 7 publications

The Financial Burden of Catastrophic Health Expenditure on Households with Chronic Diseases: Financial Ratio Analysis

The Financial Burden of Catastrophic Health Expenditure on Households with Chronic Diseases: Financial Ratio Analysis

Financial burden of catastrophic health expenditure on households with chronic diseases: financial ratio analysis

Contact Info

Product

Resources

About