Law, politics and life insurance consumption in Asia

dc.contributor.author	Ward, D.
dc.contributor.author	Zurbrugg, R.
dc.date.issued	2002
dc.description	Copyright © Palgrave Macmillan Ltd
dc.description.abstract	This paper investigates the determinants of consumption for one of the fastest growing financial products in Asia. We find evidence that increased provision of civil rights and political stability leads to an increase in life insurance provision. However, by utilizing various estimation procedures, a number of differences between the more developed insurance markets and those in Asia are illustrated. In particular, the estimated income effect is found to be far higher in Asia than in other countries. However, the size of this difference is reduced once political and legal factors are controlled for, suggesting that future insurance market growth in Asia may not exceed that in the rest of the world.
dc.description.statementofresponsibility	Damian Ward and Ralf Zurbruegg
dc.identifier.citation	Geneva Papers on Risk and Insurance: Issues and Practice, 2002; 27(3):395-412
dc.identifier.doi	10.1111/1468-0440.00181
dc.identifier.issn	1018-5895
dc.identifier.issn	1468-0440
dc.identifier.uri	http://hdl.handle.net/2440/1193
dc.language.iso	en
dc.publisher	Blackwell Publishers
dc.source.uri	https://doi.org/10.1111/1468-0440.00181
dc.title	Law, politics and life insurance consumption in Asia
dc.type	Journal article
pubs.publication-status	Published

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