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dc.contributor.authorKoeniger, Winfrieden_US
dc.coverage.temporal1969-1995en_US
dc.date.accessioned2009-01-28T16:19:19Z-
dc.date.available2009-01-28T16:19:19Z-
dc.date.issued2001en_US
dc.identifier.urihttp://hdl.handle.net/10419/21088-
dc.description.abstractMicroeconomic theory predicts that under certain regularity conditions higher idiosyncratic risk increases the propensity to insure against independent marketable risks. We apply these predictions to the specific case of labor income risk and car insurance using data from the UK. The main empirical results are: ? higher labor income risk induces a higher demand for car insurance. ? the effects of increases in labor income risk after 1979 seem to be more than offset by a more liberal financial market. ? the effects seem to be important on the macro level in the 70s whereas they become negligible in the 80s and 90s.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 240en_US
dc.subject.jelD12en_US
dc.subject.jelD81en_US
dc.subject.jelG22en_US
dc.subject.jelJ31en_US
dc.subject.ddc330en_US
dc.subject.keywordLabor income risken_US
dc.subject.keywordinsuranceen_US
dc.subject.keywordimperfect marketsen_US
dc.subject.keywordprecautionary motiveen_US
dc.subject.keywordUnited Kingdomen_US
dc.subject.stwLohnen_US
dc.subject.stwEinkommenen_US
dc.subject.stwRisikoen_US
dc.subject.stwKraftfahrtversicherungen_US
dc.subject.stwNachfrageen_US
dc.subject.stwKonsumentenverhaltenen_US
dc.subject.stwVersicherungsökonomiken_US
dc.subject.stwGroßbritannienen_US
dc.titleLabor and Financial Market Interactions: The Case of Labor Income Risk and Car Insurance in the UK 1969-95en_US
dc.typeWorking Paperen_US
dc.identifier.ppn328948896en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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