 Use of Financial Instruments Among the Chilean HouseholdsA chapter in Essays on Financial Analytics, 2023, pp 63-86 from Springer Abstract: Abstract Using the Household Finance Survey (EFH), this work shows that the use of financial instruments—whether financial assets or insurance contracts—among Chilean households increased substantially since 2007. Complementing this analysis with the Family Expenditures Survey (EPF) between the years of 1987 and 2017, I show that the share of financial goods in expenditures dropped significantly, while the share of insurance products in consumption roughly doubled in this period. This indicates that financial goods are now much less expensive and the number of its users increased significantly. The use of the different insurance contracts (life and health, vehicles, home, and loan insurance) increased across all income levels. Overall, the widespread use of financial goods, insurance contracts, and purchase of durable goods among the Chilean population across all the income levels shows that the financial access to goods and services increased significantly over the last 35 years. Keywords: Financial access; Insurance; Credit; Financial markets; Inequality (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:lnopch:978-3-031-29050-3_5 Ordering information: This item can be ordered from DOI: 10.1007/978-3-031-29050-3_5 Access Statistics for this chapter More chapters in Lecture Notes in Operations Research from Springer |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.