Liquidity, Estate Liquidation, Charitable Motives, and Life Insurance Demand by Retired Singles

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Title:	Liquidity, Estate Liquidation, Charitable Motives, and Life Insurance Demand by Retired Singles
Authors:	侯德明;Hau, Arthur
Contributors:	淡江大學產業經濟學系
Keywords:	Life insurance;Liquids;Wealth;Bequests;Annuities;Datasets;Net worth;Death benefits;Children;Single status
Date:	2000-03
Issue Date:	2009-11-30 17:57:27 (UTC+8)
Publisher:	Blackwell
Abstract:	In this article, a model of life insurance holding is formulated. It takes into account the liquidation values and liquidity of estate assets and the ability of life insurance death benefits to bypass the probate process. Tobit regressions based on the model are run using the U.S. Survey of Consumer Finances 1989 data set. The results showed net worth (fixing net liquid assets and annuity wealth) and annuity wealth (fixing net liquid assets and net worth) to be positively related to life insurance holding. Moreover, net liquid asset holding (fixing net worth and annuity wealth) and charitable motives also affect life insurance holding.
Relation:	Journal of risk and insurance 67(1), pp.123-141
DOI:	10.2307/253680
Appears in Collections:	[Graduate Institute & Department of Industrial Economics] Journal Article

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