Food safety risks and defensive behavior: Evidence from health insurance

被引：3
作者：
Shen, Yu [1 ]
Yang, Qingqing [1 ,3 ]
Zhao, Chenyang [2 ]
机构：
[1] Southwestern Univ Finance & Econ, Sch Finance, Chengdu, Peoples R China
[2] Fudan Univ, China Insurance & Social Secur Res Ctr, Shanghai, Peoples R China
[3] 555 Liutai Ave, Chengdu 611130, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2023年 / 58卷
关键词：
Food safety risks; Health insurance; Defensive behavior; DEMAND; POLLUTION;
D O I：
10.1016/j.frl.2023.104027
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We innovatively investigate public defensive behavior in response to food safety risks. Using novel transaction-level data from a large insurance company in China, we empirically find a significant positive correlation between food safety risks and health insurance purchases. The causality is identified by 2SLS regressions with instrumental variables and a quasi-natural experiment. Further analysis shows that the insurance effect is a result of residents' irrational overreaction and defensive psychology towards food safety risks.
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页数：9
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