Taking Cover: Human Capital Accumulation in the Presence of Shocks and Health Insurance
利用墨西哥大规模健康保险项目的扩展和当地降雨量的变化，研究发现健康保险的普及减轻了异常降雨对小学生考试成绩的负面影响，尤其在边缘和农村地区。
Abstract Using the expansion of a large-scale health-insurance program in Mexico and variation in local rainfall levels, this study explores whether the program-induced increase in healthcare coverage protected the cognitive attainment of primary school children in the event of adverse rainfall shocks. Results show that the universalization of healthcare mitigated the negative effect of atypical rainfall on test scores, particularly in more marginalized and rural areas. An analysis of the mechanisms at play shows a reduced incidence of sickness among children, lower demand for their time, and higher stability in household consumption among program-eligible families exposed to rainfall shocks.