The happiness effect of high-quality development of China’s health and wellness industry: micro-empirical evidence from the Chinese Social Survey 2013–2021

This study highlights the positive effect of the high-quality development of China's health and wellness industry on residents' happiness, and the positive moderating effect of the social security systems. To further enhance residents' subjective well-being, it is essential to further improve the quality of development of China's health and wellness industry. In addition, efforts should be made to deepen the reform of the older adults care security system to better accommodate the increasingly complex care needs of an aging society. Reforming and expanding the medical security system is also vital for improving the accessibility and equity of health services.