Background uncertainty and the demand for insurance against insurable risks

被引：32
|
作者：
Guiso, L
Jappelli, T
机构：
[1] Univ Sassari, CEPR, I-00187 Rome, Italy
[2] Univ Sassari, Ente Luigi Einaudi Studi Monetari Bancari & Finan, I-00187 Rome, Italy
[3] Univ Salerno, Dipartimento Sci Econ, I-84084 Fisciano, Salerno, Italy
来源：
GENEVA PAPERS ON RISK AND INSURANCE THEORY | 1998年 / 23卷 / 01期
关键词：
insurance; background risk; prudence;
D O I：
10.1023/A:1008621712979
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
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.
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页码：7 / 27
页数：21
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