The ageing population, dependency burdens and household commercial insurance purchase: evidence from China

Guanhua Li, Zhiyuan Li and Xue Lv

Applied Economics Letters, 2021, vol. 28, issue 4, 294-298

Abstract: This paper presents evidence that dependency burdens play a key role in commercial insurance market in China. It is found that the child dependency ratio has a positive effect on the households’ demand for commercial insurance, whereas the old-age dependency ratio has the negative effect. Furthermore, child dependency ratio of the eastern and high-income households in China has a larger influence on commercial insurance purchase, while the old-age dependency ratio has the less impact. Our findings provide useful insights for the important issue of the ageing population and low birth-rate in China.

Date: 2021
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DOI: 10.1080/13504851.2020.1752360

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