• français
    • English
  • English 
    • français
    • English
  • Login
JavaScript is disabled for your browser. Some features of this site may not work without it.
BIRD Home

Browse

This CollectionBy Issue DateAuthorsTitlesSubjectsJournals BIRDResearch centres & CollectionsBy Issue DateAuthorsTitlesSubjectsJournals

My Account

Login

Statistics

View Usage Statistics

Ageing and the Demand for Life Insurance : An Empirical Investigation using French Panel Data

Thumbnail
View/Open
3E2251DBd01.pdf (256.6Kb)
Date
2003
Publisher city
Paris
Publisher
Université Paris-Dauphine
Collection title
Cahiers de recherche d'EURISCO
Dewey
Economie financière
Sujet
portfolio selection; retirement saving; ageing; Life insurance
JEL code
G22; G11; D91
URI
https://basepub.dauphine.fr/handle/123456789/6152
Collections
  • LEDa : Publications
Metadata
Show full item record
Author
Bernard, Philippe
559342 Laboratoire d'Economie de Dauphine [LEDa]
El Mekkaoui de Freitas, Najat
559342 Laboratoire d'Economie de Dauphine [LEDa]
Lavigne, Anne
1724 Laboratoire d'économie d'Orleans [LEO]
Mahieu, Ronan
Type
Document de travail / Working paper
Item number of pages
22
Abstract (EN)
The age structure of the French population has been experiencing dramatic changes over the past decades and is likely to do so in a near future. The increasing proportion of elder people may modify the saving behaviour of French households. The level of saving, as well as its composition, may be altered by ageing of the French population. This paper investigates the relationship between age structure and the demand for life insurance products using an econometric estimation of French survey data (Patrimoine 1998 of the National Institute of Statistics and Economic Studies (INSEE)). More precisely, we try to identify the significant demographic, economic and financial factors influencing this demand (age, income, household wealth, marital status, occupational status and education…). Following a methodology developed in a companion article, this paper begins with a characterisation of household accumulation profile in France. The paper then estimates a Probit model to exhibit the determinants of the probability of life insurance holding, and an ordinary least squares procedure to explain the amount of wealth held in life insurance, according to the previously identified significant variables. The results suggest a robust relationship between demographic structure and the demand for life insurance.

  • Accueil Bibliothèque
  • Site de l'Université Paris-Dauphine
  • Contact
SCD Paris Dauphine - Place du Maréchal de Lattre de Tassigny 75775 Paris Cedex 16

 Content on this site is licensed under a Creative Commons 2.0 France (CC BY-NC-ND 2.0) license.