LIFE INSURANCE HOLDINGS AND WELLâ€ BEING OF SURVIVING SPOUSES
Timothy F. Harris and
Aaron Yelowitz ()
Contemporary Economic Policy, 2018, vol. 36, issue 3, 526-538
Premature death of a breadwinner can have devastating financial consequences on surviving dependents. This study investigates the role of life insurance in mitigating the longâ€ 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. After controlling for socioeconomic status, we find that sizable lumpâ€ sum life insurance payouts do not significantly influence spousal wellâ€ being. (JEL D31, G22, I31, J32, J33, J38)
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Persistent link: https://EconPapers.repec.org/RePEc:bla:coecpo:v:36:y:2018:i:3:p:526-538
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