| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w7372 |
| 来源ID | Working Paper 7372 |
| The Adequacy of Life Insurance: Evidence from the Health and Retirement Survey | |
| B. Douglas Bernheim; Lorenzo Forni; Jagadeesh Gokhale; Laurence J. Kotlikoff | |
| 发表日期 | 1999-10-01 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | This study examines the adequacy of life insurance among married American couples approaching retirement. It improves upon previous work in two ways. First, it is based on recent, high quality data (the 1992 Health and Retirement Survey with matched Social Security earnings histories). Second, it employs new financial planning software to evaluate the life insurance needs of each household. This software embodies an elaborate life- cycle planning model that accounts for a broad array of demographic, economic, and financial characteristics. We find that a sizable minority of couples in the HRS sample are significantly underinsured. Almost one third of wives and more than 10 percent of husbands would have suffered living standard reductions of 20 percent or more had their spouses died in 1992. Underinsurance tends to be more common among low income households, couples with asymmetric earnings, younger households, couples with dependent children, and non-whites. In general, households with greater vulnerabilities do not appear to compensate adequately for these vulnerabilities through greater life insurance holdings. Among some groups, the frequency of underinsurance exceeds two-thirds, and the frequency of severe underinsurance (a reduction in living standard of 40 percent or greater) exceeds one-quarter. |
| 主题 | Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w7372 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/564910 |
| 推荐引用方式 GB/T 7714 | B. Douglas Bernheim,Lorenzo Forni,Jagadeesh Gokhale,et al. The Adequacy of Life Insurance: Evidence from the Health and Retirement Survey. 1999. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w7372.pdf（527KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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