National intelligence and private health expenditure: Do high IQ societies spend more on health insurance?

Burhan, Nik Ahmad Sufian and Salleh, Fauzilah and Burhan, Nik Ahmad Gazi (2015) National intelligence and private health expenditure: Do high IQ societies spend more on health insurance? Intelligence, 52. pp. 1-8. ISSN 0160-2896

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Abstract

Studies show that high IQ people practice healthier lifestyles, which result in better health status. However, do such people spend more on healthcare?We employed hierarchical multiple regression analysis to examine the impact of national average IQ on private health expenditure, especially health insurance at cross-country level. Controlling for income, the old-age dependency ratio, and government expenditure on health, we found that IQ was positively significant on out-of-pocket healthcare expenditure but negatively associated with private health insurance expenditure. We suggest that high IQ societies pay less for health insurance because they are more capable of preventing illnesses or injuries and they live in healthier and safer environments, which are less vulnerable to diseases. In addition, they are more efficient at calculating risk and making choices according to their future healthcare needs. Hence,with price dispersion and various choices of health insurance plans available within the competitive market, high IQ people may be more efficient at obtaining lower effective prices of premiums.

Item Type: Article
Subjects: H Social Sciences > HG Finance
Faculty / Institute: Faculty of Economics & Management Sciences
Depositing User: Dr Fauzilah Salleh
Date Deposited: 17 Aug 2015 02:12
Last Modified: 15 Mar 2016 04:14
URI: http://erep.unisza.edu.my/id/eprint/3509

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