Whole life insurance plays an important role in household saving. However, empirical evidence on its determinants is … scarce. This paper studies two natural experiments to identify the effects of tax incentives and bequest motives on life-insurance … the demand for life insurance reacted strongly to this change. With regard to bequest motives, we analyze the demand for …

This paper analyzes data from a novel field experiment designed to test the impact of two different insurance products … simulated by a lottery. Risk-sharing is possible in solidarity groups of three and insurance is introduced via less risky … insurance if shocks are observable. Depending on insurance design, there is also evidence for persistence of this effect even if …

From 1995 to 2005, the average urban household saving rate in China rose by 8 percentage points, to about one quarter … of disposable income. We use household-level data to explain why households are postponing consumption despite rapid … profile of savings has an unusual U-shaped pattern, with saving rates being the highest among the youngest and oldest …

This paper examines the relationship between household savings and family size. Household savings are important … shortfalls. Descriptive and multivariate evidence on the relationship of household savings and family size are provided. The … endogeneity of family size in the household savings equation, as argued for in the old-age security hypothesis, is properly …

In recent years the insurance industry has been subject to a deeply structural change. The deregulation of markets in … Europe and the globalization of insurance markets let to an intense competition with shrinking gross revenue and benefits …. This change led to changes in the management of assets and liabilities of insurance companies. This new era of risk …

can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover … is influenced by other risk management strategies and that determinants of informal insurance differ from those of formal …

are used to self-insure, substituting for both formal and informal insurance. We investigate this question using a unique … remittances, which supports the idea that remittances act as self-insurance. We also show that other risk management strategies … influence the purchasing of formal funeral cover. Finally, we find that determinants of informal insurance differ from those of …

insurance companies. Each accounting regulation – whether at national or supranational level – includes relatively thorough … is different from IFRS at the supranational level, which causes issues with reporting assets and liabilities of insurance … companies. By 2015, a new IFRS is expected to be issued, dealing with insurance reporting issues, including “fair value”. This …