Family changes and the demand for life insurance: evidence on CHFS data

被引：0

作者：

Chen, Ying ^{[1
,3
]}

Zhao, Guiqin ^{[2
]}

机构：

[1] Zhejiang Univ Finance & Econ, Sch Finance, Hangzhou, Zhejiang, Peoples R China

[2] Shanghai Univ Finance & Econ, Sch Finance, Shanghai, Peoples R China

[3] Zhejiang Univ Finance & Econ, Sch Finance, 18 Xueyuan St, Hangzhou 310018, Zhejiang, Peoples R China

来源：

APPLIED ECONOMICS LETTERS | 2025年 / 32卷 / 10期

基金：

中国国家自然科学基金;

关键词：

Family changes; life events; life insurance; dependency ratios;

D O I：

10.1080/13504851.2024.2306187

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using China Household Finance Survey (CHFS) data from 2013-2019, this paper explores the relation between family changes and life insurance demand in a dynamic framework. We find that experiencing a divorce event is associated with 0.0459 and 9.2967 increases in the probability and volume of life insurance holding, and a 0.2904 increase in ratio of life insurance premium to income, respectively. Conversely, having a child is associated with decreases by 0.0366 and 7.9362 in the probability and volume of life insurance holding, and 0.2646 in the ratio of life insurance premium to income, respectively. Heterogeneity analysis reveals variations based on individuals' dependency ratios. We expand the research on factors influencing life insurance demand.

引用

页码：1474 / 1478

页数：5

共 11 条

[1] HOW STRONG ARE BEQUEST MOTIVES - EVIDENCE BASED ON ESTIMATES OF THE DEMAND FOR LIFE-INSURANCE AND ANNUITIES [J].

BERNHEIM, BD .

JOURNAL OF POLITICAL ECONOMY, 1991, 99 (05) :899-927

[2] Family changes and the willingness to take risks [J].

Browne, Mark J. ;

Jaeger, Verena ;

Richter, Andreas ;

Steinorth, Petra .

JOURNAL OF RISK AND INSURANCE, 2022, 89 (01) :187-209

[3] Racial differences in the demand for life insurance [J].

Gutter, Michael S. ;

Hatcher, Charles B. .

JOURNAL OF RISK AND INSURANCE, 2008, 75 (03) :677-689

[4] Can the Life Insurance Market Provide Evidence for a Bequest Motive? [J].

Inkmann, Joachim ;

Michaelides, Alexander .

JOURNAL OF RISK AND INSURANCE, 2012, 79 (03) :671-695

[5] A Dynamic Analysis of the Demand for Life Insurance [J].

Liebenberg, Andre P. ;

Carson, James M. ;

Dumm, Randy E. .

JOURNAL OF RISK AND INSURANCE, 2012, 79 (03) :619-644

[6] Life Insurance Ownership by Italian Households: A Gender-Based Differences Analysis [J].

Luciano, Elisa ;

Outreville, J. Francois ;

Rossi, Mariacristina .

GENEVA PAPERS ON RISK AND INSURANCE-ISSUES AND PRACTICE, 2016, 41 (03) :468-490

[7] A Subregional Panel Data Analysis of Life Insurance Consumption in Italy [J].

Millo, Giovanni ;

Carmeci, Gaetano .

JOURNAL OF RISK AND INSURANCE, 2015, 82 (02) :317-340

[8] How do loss aversion and technology acceptance affect life insurance demand? [J].

Nagy, Balint Zsolt ;

Alt, Monika Anetta ;

Benedek, Botond ;

Saplacan, Zsuzsa .

APPLIED ECONOMICS LETTERS, 2020, 27 (12) :977-981

[9] 'Growing out of the growing pain': Financial literacy and life insurance demand in China [J].

Wang, Hongyang ;

Zhang, Dayong ;

Guariglia, Alessandra ;

Fan, Gang-Zhi .

PACIFIC-BASIN FINANCE JOURNAL, 2021, 66

[10]

Wooldridge JM, 2010, ECONOMETRIC ANALYSIS OF CROSS SECTION AND PANEL DATA, 2ND EDITION, P3

← 1 2 →