Life Insurance demand under health shock risk
Title: Life Insurance demand under health shock risk / Christoph Hambel... [et al.]
Notes: Sumario: This article studies the consumption-investment-insurance problem of a family. The wage earner faces the risk of a health shock. The family can buy long-term life insurance that can only be revised at significant costs. A revision is only possible as long as the insured person is healthy. The combination of unspanned labor income and the stickiness of insurance decisions reduces the long-term insurance demand significantly. Since such a reduction is costly and families anticipate these potential costs, they buy less protection at all ages. In particular, young families stay away from long-term life insurance markets altogether.
Related records: En: The Journal of risk and insurance. - Nueva York : The American Risk and Insurance Association, 1964- = ISSN 0022-4367. - 04/12/2017 Volumen 84 Número 4 - diciembre 2017 , p. 1171-1202
Other authors: Hambel, Christoph
Other categories: 341
Rights: In Copyright (InC): http://rightsstatements.org/vocab/InC/1.0/