Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/56643 
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dc.contributor.authorHecht, Carolinen
dc.contributor.authorHanewald, Katjaen
dc.date.accessioned2012-04-05T16:12:42Z-
dc.date.available2012-04-05T16:12:42Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aHumboldt University of Berlin, Collaborative Research Center 649 - Economic Risk |cBerlinen
dc.relation.ispartofseries|aSFB 649 Discussion Paper |x2010-034en
dc.subject.jelD12en
dc.subject.jelD14en
dc.subject.jelD91en
dc.subject.jelG22en
dc.subject.jelK34en
dc.subject.ddc330en
dc.subject.keywordlife insurance demanden
dc.subject.keywordtax incentivesen
dc.subject.keywordfinancial literacyen
dc.subject.stwLebensversicherungen
dc.subject.stwNachfrageen
dc.subject.stwEinkommensteueren
dc.subject.stwSteuerreformen
dc.subject.stwSteuerwirkungen
dc.subject.stwFinanzwissenen
dc.subject.stwDeutschlanden
dc.titleSociodemographic, economic, and psychological drivers of the demand for life insurance: Evidence from the German Retirement Income Act-
dc.typeWorking Paperen
dc.identifier.ppn635980401en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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