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Wealth and the demand for life insurance: evidence from Ontario, 1892

Authors :
Matteo, Livio Di
Emery, J.C. Herbert
Source :
Explorations in Economic History. Oct, 2002, Vol. 39 Issue 4, 446-469
Publication Year :
2002

Abstract

The life insurance holding of citizens in Ontario in 1892 demonstrates a negative correlation between the level of personal wealth and the demand for life insurance. Evidence points out that households demanded life insurance when they did not have sufficient wealth for self-insurance, because self-insurance was an alternative for market purchases of life insurance.

Subjects

Subjects :
Personal income -- Management
Life insurance -- Supply and demand
Insurance industry -- Forecasts and trends
Company business management
Market trend/market analysis
Insurance industry
Economics
History

Details

Language :
English
ISSN :
00144983
Volume :
39
Issue :
4
Database :
Gale General OneFile
Journal :
Explorations in Economic History
Publication Type :
Academic Journal
Accession number :
edsgcl.119834201

Tools

Authors Abstract Subjects Details