Li, Donghui; Moshirian, Fariborz; Nguyen, Pascal; Wee, … - In: Journal of Risk & Insurance 74 (2007) 3, pp. 637-652
This article examines the determinants of life insurance consumption in OECD countries. Consistent with previous results, we find a significant positive income elasticity of life insurance demand. Demand also increases with the number of dependents and level of education, and decreases with life...