Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/21088 
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dc.contributor.authorKoeniger, Winfrieden
dc.date.accessioned2009-01-28T16:19:19Z-
dc.date.available2009-01-28T16:19:19Z-
dc.date.issued2001-
dc.identifier.urihttp://hdl.handle.net/10419/21088-
dc.description.abstractMicroeconomic 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.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x240en
dc.subject.jelD12en
dc.subject.jelD81en
dc.subject.jelG22en
dc.subject.jelJ31en
dc.subject.ddc330en
dc.subject.keywordLabor income risken
dc.subject.keywordinsuranceen
dc.subject.keywordimperfect marketsen
dc.subject.keywordprecautionary motiveen
dc.subject.keywordUnited Kingdomen
dc.subject.stwLohnen
dc.subject.stwEinkommenen
dc.subject.stwRisikoen
dc.subject.stwKraftfahrtversicherungen
dc.subject.stwNachfrageen
dc.subject.stwKonsumentenverhaltenen
dc.subject.stwVersicherungsökonomiken
dc.subject.stwGroßbritannienen
dc.titleLabor and Financial Market Interactions: The Case of Labor Income Risk and Car Insurance in the UK 1969-95-
dc.typeWorking Paperen
dc.identifier.ppn835533905en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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