Life Insurance Holdings and Well-Being of Surviving Spouses

Timothy Harris and Aaron Yelowitz

MPRA Paper from University Library of Munich, Germany

Abstract: Premature death of a breadwinner can have devastating financial consequences on surviving dependents. This study investigates the role of life insurance in mitigating the long-run �financial consequences of spousal mortality. Using the Health and Retirement Study, we examine individuals whose spouses died during or soon after his or her peak earnings years. Using an instrumental variables approach, we find that lump-sum life insurance payouts do not significantly influence spousal well-being.

Keywords: Life Insurance; Poverty; Ageing (search for similar items in EconPapers)
JEL-codes: D31 G22 I31 J32 J33 J38 (search for similar items in EconPapers)
Date: 2016-03-27
New Economics Papers: this item is included in nep-age and nep-ias
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https://mpra.ub.uni-muenchen.de/70334/1/MPRA_paper_70334.pdf original version (application/pdf)

Related works:
Journal Article: LIFE INSURANCE HOLDINGS AND WELL‐BEING OF SURVIVING SPOUSES (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:70334

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