Crayen, Dorothee; Hainz, Christa; Ströh de Martínez, … - 2010
can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a … respondent has a formal funeral cover increases with income and banking status. However, it is lower for individuals receiving … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover …
