EconPapers    
Economics at your fingertips  
 

THE ROMANIANS’ PREFERENCES FOR LIFE INSURANCE AND OPTIONAL PRIVATE PENSION PRODUCTS. A REGIONAL ANALYSIS

Ingrid Dragota () and Bogdan Ileanu

Romanian Journal of Regional Science, 2011, vol. 5, issue 1, 70-88

Abstract: In an international context, Romania had a special position, with both positive and negative aspects in its evolution. Even during a crisis period, starting with 2008, Romania life insurance penetration rate had a continuous growing trend, but it has lagged behind other countries,from Europe or from other continents. The statistics for Romania proved that more steps must be done, primarily in terms of people’s mentality to recognize the usefulness of this sector. Based on our field research of 870 respondents in a nationally representative statistical survey of urban environment in Romania, a binary logit model identified the age, the education level, income per capita and gender as predictors for the probability a life insurance policy to be chosen against an optional private pension. Different result between regions suggests as adequate a regional approach in future management plans regarding life insurance penetration.

Keywords: life insurance; regional comparison; logit model; urban population; Romania (search for similar items in EconPapers)
JEL-codes: G22 C35 P25 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.rrsa.ro/rjrs/V515.DRAGOTA.PDF (application/pdf)

Related works:
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:rrs:journl:v:5:y:2011:i:1:p:70-88

Access Statistics for this article

More articles in Romanian Journal of Regional Science from Romanian Regional Science Association
Bibliographic data for series maintained by Bogdan-Vasile Ileanu ().

 
Page updated 2020-06-21
Handle: RePEc:rrs:journl:v:5:y:2011:i:1:p:70-88