Abstract
This article investigates the interaction between life insurance and long-term care insurance markets on the demand side. In the model utility depends on both consumption and bequest, and utility from consumption is contingent on the state of health. While the demand for life insurance increases both with decreasing income and with a rising degree of altruism, the influences of these two parameters on the demand for long-term care insurance are ambiguous. If the utility shock arising from disability declines, both insurance demands will rise.
| Dokumententyp: | Zeitschriftenartikel |
|---|---|
| Fakultät: | Volkswirtschaft
Volkswirtschaft > Lehrstühle > Lehrstuhl für Nationalökonomie |
| Themengebiete: | 300 Sozialwissenschaften > 330 Wirtschaft |
| Sprache: | Englisch |
| Dokumenten ID: | 19219 |
| Datum der Veröffentlichung auf Open Access LMU: | 15. Apr. 2014, 08:49 |
| Letzte Änderungen: | 29. Apr. 2016, 09:16 |
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