Life Insurance demand under health shock risk
<?xml version="1.0" encoding="UTF-8" standalone="no"?> <rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"> <rdf:Description> <dc:creator>Hambel, Christoph</dc:creator> <dc:date>2017-12-04</dc:date> <dc:description xml:lang="es">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.</dc:description> <dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/record.do?id=162926</dc:identifier> <dc:language>spa</dc:language> <dc:rights xml:lang="es">In Copyright (InC) - http://rightsstatements.org/vocab/InC/1.0/</dc:rights> <dc:subject xml:lang="es">Seguro de vida</dc:subject> <dc:subject xml:lang="es">Gerencia de riesgos</dc:subject> <dc:type xml:lang="es">Artículos y capítulos</dc:type> <dc:title xml:lang="es">Life Insurance demand under health shock risk</dc:title> <dc:relation xml:lang="es">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</dc:relation> </rdf:Description> </rdf:RDF>