HUMAN DEVELOPMENT AND PERCEIVED CORRUPTION AS KEY FACTORS OF LIFE INSURANCE

Gabriela-Mihaela Muresan () and Gabriel Armean ()
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Gabriela-Mihaela Muresan: UBB FSEGA

Annals of Faculty of Economics, 2017, vol. 1, issue 1, 443-451

Abstract: A commonly recognized proxy, life insurance penetration was used as a dependent variable in our analysis for the 28 EU countries during the period 2004 – 2014. We apply a panel data analysis to assess the influence of human development, corruption level, inflation, population growth, and employment rate to life insurance penetration. Our contributions resides in a new effort to understand the life insurance penetration in terms of behavioural finance. Moreover, our results shows that Human Development generates increases of the life insurance market.

Keywords: behavioral finance; life insurance; human development; panel data (search for similar items in EconPapers)
JEL-codes: C23 D73 G22 O15 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2017:i:1:p:443-451

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