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Author: Park, Heejung
Resulting in 1 citation.
1. Song, Jung "Anna"
Park, Heejung
Park, Narang
Heo, Wookjae
The Effect of Experiencing a Death on Life Insurance Ownership
Journal of Behavioral and Experimental Finance 22 (June 2019): 170-176.
Also: https://www.sciencedirect.com/science/article/pii/S2214635018302314
Cohort(s): NLSY79
Publisher: Elsevier
Keyword(s): Insurance; Trauma/Death in family

Though there is a huge literature on the demand for life insurance, it heavily focuses on demographic and economic factors. This study fills the gap in the current literature by incorporating psychological factor such as an experiencing a death in family members. The goal of this paper is to investigate the effect of death experience on life insurance ownership. Using a data from National Longitudinal Survey of Youth, we find evidence that there is positive association between a death experience and life insurance demand. Also, the model is better explained when both situational and dispositional factors are jointly examined.
Bibliography Citation
Song, Jung "Anna", Heejung Park, Narang Park and Wookjae Heo. "The Effect of Experiencing a Death on Life Insurance Ownership." Journal of Behavioral and Experimental Finance 22 (June 2019): 170-176.