Journal
CHINA ECONOMIC REVIEW
Volume 79, Issue -, Pages -Publisher
ELSEVIER SCIENCE INC
DOI: 10.1016/j.chieco.2023.101978
Keywords
Medical crowdfunding; Social support; Social network; Fundraising; Returns to Education
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Using a unique dataset from a large online medical crowdfunding platform based in China, this paper investigates the social support returns to college education. It finds that college-educated patients can raise 88.1% more funds through medical crowdfunding, and the relationship is found to be causal through various identification strategies. The study concludes that college-educated patients have more detailed narratives and school-related social connections, which attract more supporters and ultimately raise more funds.
Attaining a college education bestows advantages in the labor market, but it is undetermined whether a college education could also benefit those in need of assistance. Using a unique dataset from a large online medical crowdfunding platform based in China, this paper investigates the social support returns to college education. Our study finds that patients attaining college edu-cation would raise 88.1% more funds through medical crowdfunding. A variety of identification strategies suggest that the relationship is causal. By examining the potential mechanism, we conclude that college-educated patients have more detailed narratives and have more school-related social connections who are willing to verify and distribute the campaigns, attracting more supporters and ultimately raising more funds.
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