Life Insurance and Household Consumption
نویسندگان
چکیده
منابع مشابه
a new algorithm and software of individual life insurance and annuity computation
چکیده ندارد.
15 صفحه اولHousehold Saving and Full Consumption over the Life Cycle
This paper extends the standard model of life cycle consumption, saving and labor supply in a number of directions. First, it argues that consumption should be defined as expenditure on household production as well as on market goods, that is, we are interested in life cycle profiles of full consumption. If this is done, several well-known puzzles concerning life cycle consumption behaviour are...
متن کاملConsumption, investment and life insurance strategies with heterogeneous discounting
In this paper we analyze how the optimal consumption, investment and life insurance rules are modified by the introduction of a class of time-inconsistent preferences. In particular, we account for the fact that an agent’s preferences evolve along the planning horizon according to her increasing concern about the bequest left to her descendants and about her welfare at retirement. To this end, ...
متن کاملOptimal Investment and Consumption Decision of Family with Life Insurance
We study an optimal portfolio and consumption choice problem of family that combines life insurance of parents who receive deterministic labor income until fixed time horizon T . We consider utility functions of parents and children separately and assumed that parents have uncertain lifetime. If parents die before T , children have no income and they choose the optimal consumption and portfolio...
متن کامل“the effect of risk aversion on the demand for life insurance: the case of iranian life insurance market”
abstract: about 60% of total premium of insurance industry is pertained?to life policies in the world; while the life insurance total premium in iran is less than 6% of total premium in insurance industry in 2008 (sigma, no 3/2009). among the reasons that discourage the life insurance industry is the problem of adverse selection. adverse selection theory describes a situation where the inf...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2004
ISSN: 1556-5068
DOI: 10.2139/ssrn.591946