Clan culture and private insurance take-up

Longhao Xu (), Xinyu Zhao () and Fenghua Wen ()
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Longhao Xu: Zhejiang Gongshang University
Xinyu Zhao: Central South University
Fenghua Wen: Central South University

Empirical Economics, 2025, vol. 68, issue 6, No 8, 2729-2765

Abstract: Abstract This paper utilizes data from the China Family Panel Studies (CFPS) to explore the influence of clan culture on the demand for households’ private insurance. The findings reveal that clan culture enhances the likelihood of enrolling in private insurance and increases premium expenditures. Additionally, our research examines how clan culture impacts household private insurance demand and identifies that the solid social interaction among clansmen primarily drives the positive effect of clan culture on private insurance uptake. Furthermore, the positive relationship between clan culture and private insurance uptake is particularly pronounced among rural households, low-income families, and households without internet access and high cognitive abilities.

Keywords: Clan culture; Private insurance take-up; Social interaction; Household finance (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s00181-025-02715-2

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