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Life Insurance Demand and Household Portfolio Behavior
The Journal of Risk and Insurance, 1974This paper explores the effects of short-run financial market behavior and consumer expectations on purchases of ordinary life insurance. The major objective of the paper is to develop information concerning the structural determinants of life insurance demand. In the paper, a model that interrelates demand for various financial assets is suggested and
Robert S. Headen, J. Finley Lee
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Gender perspective on life insurance demand in Ghana
International Journal of Social Economics, 2018Purpose Against the background that Ghanaians seldom purchase insurance policies, the purpose of this paper is to investigate the determinants of life insurance uptake among male and female household heads in Ghana. Design/methodology/approach The study employs data on 775 male and 233 female household heads from the sixth round of the Ghana Living ...
Samuel Ampaw +2 more
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The Demand for Life Insurance: An Application of the Economics of Uncertainty: A Comment
The Journal of Finance, 1982objective function. In this comment, the demand-for-insurance equations are derived once again, but this time the derivation will be direct, without use of the Taylor approximation. It is demonstrated that Campbell's approximate functions do not converge in the limit to the exact solutions for logarithmic utility functions.
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Prudence, risk aversion, and the demand for life insurance
Applied Economics Letters, 1999We estimate the effect of household wealth on the demand for life insurance using survey data from a broad cross-section of the USA. This procedure allows us to test the Pratt-Arrow hypothesis of decreasing absolute risk aversion (DARA). Additionally, we estimate the relative magnitude of prudence, the propensity to take precautions when faced with ...
JOSEPH G. EISENHAUER, MARTIN HALEK
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Dependents and the Demand for Life Insurance.
American Economic Review, 1989A breadwinner's demand for life insurance depends on the demographic structure of his or her household. The author captures the relationship by extending Menahem E. Yaari's life insurance framework to include the preferences of all household members explicitly.
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An Analysis of the Demand for Life Insurance: The Consumer's Problem
The Journal of Risk and Insurance, 1979The role of actuarial savings in determining the optimal solution to the consumer's problem is thoroughly analyzed taking into account the effect of transaction costs. Equilibrium conditions are obtained and compared with the classical ones. A numerical example is worked out. In the companion to this paper mathematical foundations were established.
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An Analysis of the Demand for Life Insurance: Mathematical Foundations
The Journal of Risk and Insurance, 1979A new approach to the topic of life contingencies based on matrix analysis is introduced. Life insurance providing for cash-values is reinterpreted. It is proved that a consumer's optimal savings mix cannot include simultaneously life insurance and an endowment if there are transaction costs.
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Household Life Insurance Demand
North American Actuarial Journal, 2010Edward W. (Jed) Frees +1 more
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2019
In this chapter, a literature review focuses on behavioral demand for life insurance. Basic explanations about risk and risk management are discussed first to explain life insurance, specifically in the realm of personal finance. After understanding the general terminology about risk and risk management, the personal needs of life insurance buyers will
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In this chapter, a literature review focuses on behavioral demand for life insurance. Basic explanations about risk and risk management are discussed first to explain life insurance, specifically in the realm of personal finance. After understanding the general terminology about risk and risk management, the personal needs of life insurance buyers will
openaire +1 more source