Household Wealth and Individuals’ Mental Health
Evidence from the 2012–2018 China Family Panel Survey
Bibliographic Data
| ID | 15464170 |
|---|---|
| Authors | Rui Zhang (0000-0003-0194-5295, Jinan University), Chenglei Zhang (0000-0001-6494-0040, Guangdong University of Finance, corresponding author), Jiahui Xia (0000-0002-0790-6919, Jinan University), Dawei Feng (0000-0001-9863-3292, Institute of Industrial Economics), Shaoyong Wu (Institute of Industrial Economics) |
| Year | 2022 |
| Volume | 19 |
| Issue | 18 |
| Pages | 11569-11569 |
| Publication date | 2022-09-14 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Journal of Environmental Research and Public Health (JOURNAL) |
| Journal identifiers | ISSN: 1661-7827 • E-ISSN: 1660-4601 |
| Publisher | Multidisciplinary Digital Publishing Institute (PUBLISHER • CH) |
| DOI | 10.3390/ijerph191811569 |
| PMID | 36141835 |
| OpenAlex | W4296804389 |
| Language | EN |
| Citations received | 5 |
| References cited | 35 |
Based on the data from the 2012-2018 China Family Panel Survey, this study examines the impact of household wealth on individuals' mental health using a two-way fixed effects model. The findings indicate that household wealth exerts a significant positive effect on individuals' mental health. Furthermore, this study shows that the impact of household wealth on individuals' mental health is nonlinear but inverted U-shaped. Considering the possible endogeneity problem, this study further examines the effect of household wealth on residents' mental health using two-stage least squares, and the conclusions remain robust. The results of the heterogeneity analysis indicate that household wealth has a greater impact on the mental health of residents in the low-education group and western region. Furthermore, the results of the mechanisms reveal that household wealth affects mental health by influencing insurance investment and individuals' labor supply. Moreover, this study finds that household wealth affects individuals' mental health not only in the short term but also in the medium and long terms. This study provides policy implications for the government toward improving individuals' mental health
China · Demographic economics · Economics · Environmental health · Geography · Mental health · Panel survey · Psychiatry · Employment and Welfare Studies · Global Health Care Issues · Health disparities and outcomes · Medicine · Psychology
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| Unique citing works | 5 |
|---|---|
| Citations per year | 2,5 |
| Citation span | 2024 - 2026 (3) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 4 |