Bequest Motives and Determinants of Micro Life Insurance in Sri Lanka

被引：18
|
作者：
Arun, Thankom [1 ]
Bendig, Mirko [2 ]
Arun, Shoba [3 ]
机构：
[1] Univ Cent Lancashire, Preston PR1 2HE, Lancs, England
[2] Univ Goettingen, Hamburg, Germany
[3] Manchester Metropolitan Univ, Manchester M15 6BH, Lancs, England
来源：
WORLD DEVELOPMENT | 2012年 / 40卷 / 08期
关键词：
financial markets; microinsurance; life insurance; South Asia; Sri Lanka; HEALTH-INSURANCE; DEMAND; PARTICIPATION; POOR; RISK;
D O I：
10.1016/j.worlddev.2012.04.010
中图分类号：
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号：
0201 ; 020105 ; 03 ; 0303 ;
摘要：
This paper emphasizes bequest motives by evaluating participation patterns in micro life insurance against insurance demand and supply side factors. Based on household survey data from Sri Lanka, it presents evidence on the determinants of micro life insurance participation of low-income households, using probit and tobit models. The results provide evidence that micro life insurance is positively correlated with measures of bequest motives such as the number of children or dependents. Besides, better off households are less excluded from micro life insurance markets than their poorer counterparts. The study finds a convincing need for the microinsurance sector to be more responsive to the needs of the poor, with a key role in providing financial education to understand the need for microinsurance. (C) 2012 Elsevier Ltd. All rights reserved.
引用
收藏
页码：1700 / 1711
页数：12
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