Effects of Digital Finance on Green Innovation considering Information Asymmetry: An Empirical Study Based on Chinese Listed Firms
In: Emerging markets, finance and trade: EMFT, Band 58, Heft 15, S. 4399-4411
ISSN: 1558-0938
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In: Emerging markets, finance and trade: EMFT, Band 58, Heft 15, S. 4399-4411
ISSN: 1558-0938
Social security primarily improves residents' welfare and ensures labor market sustainability. This study presents a new view of the association between health insurance and labor supply by using data from the China Health and Retirement Longitudinal Study. The results reveal that the health insurance system has a remarkable effect on labor supply. The health insurance coverage tends to encourage middle-aged and elderly farmers to increase their farm labor participation rate and working time, especially for their household agricultural labor participation rate and working time. However, it also reduces the non-farm labor participation rate and working time. Different types of health insurance have diverse effects on labor supply. The new cooperative medical insurance has a stronger pull-back effect. It encourages the middle-aged and elderly farmers to leave the urban non-farm sector and transfer to rural areas to engage in their household agricultural work. The urban employee medical insurance encourages farmers to reduce self-employed labor supply and increase employed work. The supplemental health insurance tends to reduce the labor supply of farm employed and non-farm labor supply, but improve the farm labor supply. Furthermore, urban resident medical insurance and government medical insurance encourage farmers to quit directly from the labor market. In conclusion, the health insurance system is facilitating change in the labor market. Policy-makers should pay full attention to such impacts while improving the health insurance system's design and operation in China.
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In: Economic Analysis and Policy, Band 78, S. 1221-1240
In: Emerging markets, finance and trade: EMFT, Band 58, Heft 13, S. 3881-3897
ISSN: 1558-0938