Can Health Insurance Improve the Happiness of the Romanian People?

Gabriela Mihaela Muresan (), Codruta Mare, Dan Tudor Lazar and Sorin Paul Lazar
Additional contact information
Gabriela Mihaela Muresan: Babe?-Bolyai University, Cluj Napoca, Rom nia
Codruta Mare: Babe?-Bolyai University, Cluj Napoca, Rom nia
Dan Tudor Lazar: Babe?-Bolyai University, Cluj Napoca, Rom nia
Sorin Paul Lazar: Babe?-Bolyai University, Cluj Napoca, Rom nia

The AMFITEATRU ECONOMIC journal, 2023, vol. 25, issue 64, 903

Abstract: Developing a strategy to increase happiness is a major focus of a positive economy. The purpose of the present study is to find an answer to the following question: can insurers contribute to happiness? Starting from the ANOVA approach and regression analysis on the Romanian sample, we show that financial factors, self-rated stress level, age, and private health insurance affect the level of reported happiness. This is one of the first Romanian studies to approach happiness from the perspective of a financial health insurance product. From another perspective, for people without health insurance, income is a key factor of influence. Thus, our paper is primarily addressed to insurers who want to improve their sales techniques and to all insureds who want to know other benefits that appear after signing a health insurance policy.

Keywords: Happiness; income; health insurance; Romania. (search for similar items in EconPapers)
JEL-codes: G22 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.amfiteatrueconomic.ro/temp/Article_3241.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aes:amfeco:v:25:y:2023:i:64:p:903

Access Statistics for this article

More articles in The AMFITEATRU ECONOMIC journal from Academy of Economic Studies - Bucharest, Romania Contact information at EDIRC.
Bibliographic data for series maintained by Valentin Dumitru ().