Preventive Policy Strategy for Banking the Unbanked: Savings Accounts for Teenagers?

The article proves that it is impossible to achieve a significant increase in the salary of medical personnel within the existing system of healthcare financing of the Russian Federation, namely, in accordance with the “may” Decrees of 2012 by V. V. Putin, to bring the salary of doctors to a level twice higher than the average for the region by 2018. It is proved that to achieve the necessary results in terms of increasing doctors’ salaries and motivating citizens to increase labor productivity and a healthy lifestyle, it is necessary to transfer the system of healthcare financing within the framework of obligatory medical insurance to medical savings accounts.

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The Nexus Between Seniors' Tourism Expenditure and Well-Being in China

Tourism Analysis ◽

10.3727/108354220x15758301241620 ◽

2020 ◽

Vol 25 (1) ◽

pp. 169-174

Author(s):

Renuka Mahadevan ◽

Vanessa Sha Fan

Keyword(s):

Economic Growth ◽

Life Satisfaction ◽

Government Policy ◽

Rural Areas ◽

Empirical Relationship ◽

Well Being ◽

Tourism Demand ◽

Leisure Travel ◽

Policy Strategy ◽

Tourism Expenditure

An examination of the two-way relationship between tourism expenditure and life satisfaction for seniors is undertaken in this article. This examination uses panel data on China's seniors and tracks the same seniors over 3 years. Results show that there is bidirectional causality between tourism expenditure and life satisfaction, casting doubt on previous studies that do not consider this two-way relationship. This empirical relationship highlights the importance of a two-pronged policy strategy— a government policy committed to social tourism programs for seniors who may not be able to afford travel and those who reside in rural areas. Another government strategy is to address aged concerns related to mobility and health to improve well-being and the provision of appropriate facilities for leisure travel. Senior tourism demand was found to be income inelastic and this result means that senior tourism can buffer Chinese economic growth in times of economic crisis and uncertainty, making the twin policy strategy a worthwhile consideration.

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