The problem of poverty caused by illness in China is very serious, but the research on the role of anti-poverty effect of family social capital has not been paid much attention to. On the basis of theoretical hypotheses, and by using the 2013 CHARLS data, and the Probit model and IVProbit model, we empirically test whether the multidimensional social capital can still significantly play a role of anti-poverty effect under health shock. Our empirical results show that social capital can play a significant role of anti-poverty effect no matter what kind of health shock happens. Each increase of personal social activities by 0.1 points makes the poverty incidence reduce before and after health shock by 5.1% and 7.5% respectively. Each increase of one community activity place makes the poverty incidence reduce before and after health shock by 0.71% and 1.63% respectively. Each increase of the amount of economic transactions among relatives and friends by 50% makes the poverty incidence reduce before and after health shock by 11.9% and 3.9% respectively. The role of anti-poverty effect of providing family care time is not affected by health shock, but there is a possibility that the effect is weakened. The role of anti-poverty effect of family lending has always been not significant. Social capital has a significant effect on family poverty caused by illness alleviation. The role of anti-poverty effect of the bridge type social capital which is built by associating with people in different social and economic conditions is stronger than that of the bound type social capital which is built by associating with family and friends in the same social and economic condition. Our research provides microcosmic empirical evidence for paying attention to the family subject social capital and giving play to the role of family's informal institutional governance poverty caused by illness.
Can Social Capital Slow Down the Family’s “Poverty Caused by Illness”? ——Microcosmic Empirical Evidence Based on Health Shock
Journal of Finance and Economics Vol. 44, Issue 06, pp. 77 - 93 (2018) DOI:10.16538/j.cnki.jfe.2018.06.006
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Cite this article
Li Hua, Li Zhipeng. Can Social Capital Slow Down the Family’s “Poverty Caused by Illness”? ——Microcosmic Empirical Evidence Based on Health Shock[J]. Journal of Finance and Economics, 2018, 44(6): 77-93.