A matter of life or non-life: the role of economic uncertainty on insurance consumption

Tolga Er; Ender Demir

A matter of life or non-life: the role of economic uncertainty on insurance consumption

Tolga Er^*
, Ender Demir

^*Corresponding author for this work

Institute of Law and Economics (Hamburg)
Reykjavík University

Research output: Contribution to journal › Article › Academic › peer-review

13 Downloads (Pure)

Abstract

This paper examines the effect of economic uncertainty proxied by the World Uncertainty Index on life and non-life
insurance consumption using a panel dataset from 114 countries between 1996 and 2017. We find evidence that while
higher economic uncertainty lowers life insurance penetration, non-life insurance penetration remains unaffected by
economic uncertainty.

Original language	English
Pages (from-to)	1305-1313
Number of pages	9
Journal	Economics Bulletin
Volume	42
Issue number	3
Publication status	Published - 30 Sept 2022
Externally published	Yes

Bibliographical note

Publisher Copyright:
© (2022), (Economics Bulletin). All rights reserved.

Access to Document

EB-22-V42-I3-P110.pdfFinal published version, 182 KBLicence: Article 25fa Dutch Copyright Act

http://www.accessecon.com/includes/CountdownloadPDF.aspx?PaperID=EB-22-00454

Cite this

@article{742015e1ff8a4d829347024e83d780b5,

title = "A matter of life or non-life: the role of economic uncertainty on insurance consumption",

abstract = "This paper examines the effect of economic uncertainty proxied by the World Uncertainty Index on life and non-life insurance consumption using a panel dataset from 114 countries between 1996 and 2017. We find evidence that while higher economic uncertainty lowers life insurance penetration, non-life insurance penetration remains unaffected by economic uncertainty.",

author = "Tolga Er and Ender Demir",

year = "2022",

month = sep,

day = "30",

language = "English",

volume = "42",

pages = "1305--1313",

journal = "Economics Bulletin",

issn = "1545-2921",

publisher = "Economics Bulletin",

number = "3",

}

TY - JOUR

T1 - A matter of life or non-life: the role of economic uncertainty on insurance consumption

AU - Er, Tolga

AU - Demir, Ender

PY - 2022/9/30

Y1 - 2022/9/30

N2 - This paper examines the effect of economic uncertainty proxied by the World Uncertainty Index on life and non-life insurance consumption using a panel dataset from 114 countries between 1996 and 2017. We find evidence that while higher economic uncertainty lowers life insurance penetration, non-life insurance penetration remains unaffected by economic uncertainty.

AB - This paper examines the effect of economic uncertainty proxied by the World Uncertainty Index on life and non-life insurance consumption using a panel dataset from 114 countries between 1996 and 2017. We find evidence that while higher economic uncertainty lowers life insurance penetration, non-life insurance penetration remains unaffected by economic uncertainty.

M3 - Article

SN - 1545-2921

VL - 42

SP - 1305

EP - 1313

JO - Economics Bulletin

JF - Economics Bulletin

IS - 3

ER -

A matter of life or non-life: the role of economic uncertainty on insurance consumption

Abstract

Bibliographical note

Access to Document

Fingerprint

Cite this