Background Uncertainty and the Demand for Insurance Against Insurable Risks

Luigi Guiso and Tullio Jappelli ()

The Geneva Risk and Insurance Review, 1998, vol. 23, issue 1, 7-27

Abstract: Theory suggests that people facing higher uninsurable background risk buy more insurance against other risks that are insurable. This proposition is supported by Italian cross-sectional data. It is shown that the probability of purchasing casualty insurance increases with earnings uncertainty. This finding is consistent with consumer preferences being characterized by decreasing absolute prudence. The Geneva Papers on Risk and Insurance Theory (1998) 23, 7–27. doi:10.1023/A:1008621712979

Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (34)

Downloads: (external link)
http://www.palgrave-journals.com/grir/journal/v23/n1/pdf/grir199898a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/grir/journal/v23/n1/full/grir199898a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Background Uuncertainty and the Demand for Insurance against Insurable Risks (1998)
Working Paper: Background Uncertainty and the Demand for Insurance Against Insurable Risks (1996)
Working Paper: Background UNcertainty and the Demand for Insurance Against Insurable Risks (1996)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:genrir:v:23:y:1998:i:1:p:7-27

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/10713

Access Statistics for this article

The Geneva Risk and Insurance Review is currently edited by Michael Hoy and Nicolas Treich

More articles in The Geneva Risk and Insurance Review from Palgrave Macmillan, International Association for the Study of Insurance Economics (The Geneva Association) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().