Life Insurance demand under health shock risk

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<title>Life Insurance demand under health shock risk</title>
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<name type="personal">
<namePart>Hambel, Christoph</namePart>
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<abstract>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.</abstract>
<note type="statement of responsibility">Christoph Hambel... [et al.]</note>
<subject>
<topic>Seguro de vida</topic>
</subject>
<subject>
<topic>Gerencia de riesgos</topic>
</subject>
<classification authority="">341</classification>
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<titleInfo>
<title>The Journal of risk and insurance</title>
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<publisher>Nueva York : The American Risk and Insurance Association, 1964-</publisher>
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<identifier type="issn">0022-4367</identifier>
<identifier type="local">MAP20077000727</identifier>
<part>
<text>04/12/2017 Volumen 84 Número 4 - diciembre 2017 , p. 1171-1202</text>
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<recordIdentifier source="MAP">MAP20180000188</recordIdentifier>
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