At the end of 1998, China launched a government-run mandatory insurance program, the Urban Employee Basic Medical Insurance (UEBMI), to replace the previous medical insurance system. Using the UEBMI reform in China as a natural experiment, this study identify variations in patient cost sharing...

At the end of 1998, China launched a government-run mandatory insurance program, the Urban Employee Basic Medical Insurance (UEBMI), to replace the previous medical insurance system. Using the UEBMI reform in China as a natural experiment, this study identify variations in patient cost sharing...

Though life insurance generally benefits from exemption of estate taxation, the relationship between the desire of avoiding estate tax and life insurance demand has seldom been examined in the literature. Following the propagation of an unanticipated but highly credible hearsay on the...