The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Economic, Demographic, and Institutional Determinants of Life Insurance Consumption across Countries
Abstract
Life insurance has become an increasingly important part of the financial sector over the past 40 years, providing a range of financial services for consumers and becoming a major source of investment in the capital market. But what drives the large variation in life insurance consumption across countries remains unclear. Using a panel with data aggregated at different frequencies for 68 economies in 1961–2000, this article finds that economic indicators—such as inflation, income per capita, and banking sector development—and religious and institutional indicators are the most robust predictors of the use of life insurance. Education, life expectancy, the young dependency ratio, and the size of the social security system appear to have no robust association with life insurance consumption. The results highlight the importance of price stability and banking sector development in fully realizing the savings and investment functions of life insurance in an economy.
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La Porta, R. (1999) · Journal of Law, Economics, and Organization · doi:10.1093/jleo/15.1.222 · Cited by 5,699
Cited by
An International Comparison of Capital Structure and Debt Maturity Choices
Fan, J. P. H., Titman, S., & Twite, G. (2012) · Journal of Financial and Quantitative Analysis · doi:10.1017/s0022109011000597 · Cited by 1,081
Haiss, P., & Sümegi, K. (2008) · Empirica · doi:10.1007/s10663-008-9075-2 · Cited by 344
An International Comparison of Capital Structure and Debt Maturity Choices
Fan, J. P. H., Twite, G. J., & Titman, S. (2011) · SSRN Electronic Journal · doi:10.2139/ssrn.423483 · Cited by 339
National culture and life insurance consumption
Chui, A. C. W., & Kwok, C. C. Y. (2008) · Journal of International Business Studies · doi:10.1057/palgrave.jibs.8400316 · Cited by 278
Metadata
- Authors
- Beck, T.
- Venue
- The World Bank Economic Review
- Publisher
- Oxford University Press (OUP)
- Published
- 2003-06-01
- Volume
- 17
- Issue
- >1
- Pages
- 51-88
- ISSN
- 0258-6770 (ISSN-L)
- 1564-698X
- OpenAlex
- W2042915520
- Cited by
- 542
- References
- 1
- FWCI
- 3.18
- Type
- journal article
- Language
- en
- Open access
- closed
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