The Impact Of Basic Medical Insurance For Urban Workers On Household Consumption ——An Empirical Study Based On The Household Finance Survey In China

Under the background that the world is undergoing unprecedented changes in a century,China’s current consumption level is not in line with the overall economic development,and the main social contradiction is transforming,it is of great significance to study how to stimulate the overall domestic consumption level and improve people’s living security.With the continuous development and improvement of social security,its influence on household consumption is more and more close,and social basic medical insurance as one of the most important components of social security,research on the relationship between social basic medical insurance and household consumption has a certain practical significance.Therefore,as one of the most critical components of the basic social medical insurance for urban workers,it is of great significance to study the impact of urban workers’ medical insurance on household consumption.Through a lot of reading and analyzing the previous research achievements about the relationship between health insurance and consumption,found on the object of study,most scholars study is the social basic medical insurance,the new farmers,basic medical insurance for urban residents influence on household consumption,few studies focus on the town worker health impact on household consumption.In terms of research methods,predecessors mostly use instrumental variable method and double difference method to solve the endogeneity problem,and seldom use propensity score matching method to study this kind of thesis.In addition,in previous studies,the division of dependent variables is mostly simply divided into non-medical consumption and medical consumption,with few further detailed divisions.In view of this,based on the data from the 2017 China Household Finance Survey,this paper uses propensity score matching estimation to study the impact of urban employee basic medical insurance on household total consumption,food consumption,daily necessities consumption and durable goods consumption respectively in the full sample and sub-sample after controlling the self-selection bias of the sample.Results show that（1）under the full sample,town worker is basic medical treatment insurance can enhance the level of household consumption,namely UEMI respectively to total household consumption,food consumption,consumer goods,consumer durables have significant role in promoting,and town worker is basic medical treatment insurance of household consumption of durable goods is stronger.（2）In the sample,when dividing urban and rural household registration,the results show that the participation in urban basic medical insurance has a significant promoting effect on the former’s household consumption,but has no significant effect on the latter.When the groups of low,middle and high income are divided,the results show that participation in UEMI also plays a significant role in promoting household consumption of the former,which is both significant at the statistical level of 1%,but has no significant impact on household consumption of the middle and the latter.Finally in the northeast,eastern,central and western regions,the results showed that the former participation UEMI household consumption has a significant role in promoting,but in the eastern and western regions no significant impact on household consumption,for the central region household food consumption,consumer durables have significant role in promoting,However,the effect on household total consumption and consumption of daily necessities is not significant.Finally,based on the analysis and conclusions of this thesis,some relevant policy suggestions are put forward.