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dc.contributor.authorHecht, Carolinen_US
dc.contributor.authorHanewald, Katjaen_US
dc.date.accessioned2012-04-05T16:12:42Z-
dc.date.available2012-04-05T16:12:42Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/56643-
dc.description.abstractWe exploit the natural experiment of the 2005 income tax reform in Germany to study the effects of tax incentives on consumer behavior in life insurance markets. Our empirical analysis of sociodemographic, economic, and psychological household characteristics elicited in the German SAVE study shows that two very different consumer groups buy (endowment) life insurance before and after the tax reform. We find that education plays a central role in reactions to the modified tax environment. Our stylized characterization of 'arbitrageur' and 'straggler' buyers will assist both life insurance firms and regulatory authorities design effective policies.en_US
dc.language.isoengen_US
dc.publisherSFB 649, Economic Risk Berlinen_US
dc.relation.ispartofseriesSFB 649 discussion paper 2010-034en_US
dc.subject.jelD12en_US
dc.subject.jelD14en_US
dc.subject.jelD91en_US
dc.subject.jelG22en_US
dc.subject.jelK34en_US
dc.subject.ddc330en_US
dc.subject.keywordlife insurance demanden_US
dc.subject.keywordtax incentivesen_US
dc.subject.keywordfinancial literacyen_US
dc.subject.stwLebensversicherungen_US
dc.subject.stwNachfrageen_US
dc.subject.stwEinkommensteueren_US
dc.subject.stwSteuerreformen_US
dc.subject.stwSteuerwirkungen_US
dc.subject.stwFinanzwissenen_US
dc.subject.stwDeutschlanden_US
dc.titleSociodemographic, economic, and psychological drivers of the demand for life insurance: Evidence from the German Retirement Income Acten_US
dc.typeWorking Paperen_US
dc.identifier.ppn635980401en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:SFB 649 Discussion Papers, HU Berlin

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