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https://hdl.handle.net/10419/21088
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Koeniger, Winfried | en |
dc.date.accessioned | 2009-01-28T16:19:19Z | - |
dc.date.available | 2009-01-28T16:19:19Z | - |
dc.date.issued | 2001 | - |
dc.identifier.uri | http://hdl.handle.net/10419/21088 | - |
dc.description.abstract | Microeconomic theory predicts that under certain regularity conditions higher idiosyncratic riskincreases the propensity to insure against independent marketable risks. We apply thesepredictions 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 amore liberal financial market.? the effects seem to be important on the macro level in the 70s whereas they becomenegligible in the 80s and 90s. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x240 | en |
dc.subject.jel | D12 | en |
dc.subject.jel | D81 | en |
dc.subject.jel | G22 | en |
dc.subject.jel | J31 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Labor income risk | en |
dc.subject.keyword | insurance | en |
dc.subject.keyword | imperfect markets | en |
dc.subject.keyword | precautionary motive | en |
dc.subject.keyword | United Kingdom | en |
dc.subject.stw | Lohn | en |
dc.subject.stw | Einkommen | en |
dc.subject.stw | Risiko | en |
dc.subject.stw | Kraftfahrtversicherung | en |
dc.subject.stw | Nachfrage | en |
dc.subject.stw | Konsumentenverhalten | en |
dc.subject.stw | Versicherungsökonomik | en |
dc.subject.stw | Großbritannien | en |
dc.title | Labor and Financial Market Interactions: The Case of Labor Income Risk and Car Insurance in the UK 1969-95 | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 835533905 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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