Abstract

One of the economic trends that characterized the 21st century is financialization. Even the use of credit cards can be an example of financialization being widespread among us. The other historical event in the century is the COVID-19 pandemic. It left us with a powerful implication for balancing economic activities and health. In this research, I investigate the relationship between financialization and health. I use the share of finance and insurance GDP to the total GDP (F&I GDP), the number of commercial banks, and the debt-to-income ratio (DTI) as independent variables measuring financialization, and the proportion of people who report good health, excellent health, and the death rate as dependent variables. With the fixed-effects model by state and year, I found no significant effect of F&I GDP on any health indicators, a significant positive effect of commercial banks on the death rate, and a significant negative effect of DTI on the population reporting good health and excellent health.

Advisor

Long, Melanie

Department

Business Economics

Disciplines

Growth and Development | Health Economics

Keywords

Financialization

Publication Date

2025

Degree Granted

Bachelor of Arts

Document Type

Senior Independent Study Thesis

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