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Title: Cash Value Life Insurance Ownership among Young Adults: The Role of Self-Discipline and Risk Tolerance
Resulting in 1 citation.
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Rabbani, Abed G. |
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Cash Value Life Insurance Ownership among Young Adults: The Role of Self-Discipline and Risk Tolerance Journal of Behavioral and Experimental Finance published online (23 July 2020): 100385. Also: https://www.sciencedirect.com/science/article/pii/S2214635020300496 Cohort(s): NLSY97 Publisher: Elsevier Keyword(s): Assets; Insurance; Risk-Taking; Self-Control/Self-Regulation Cash value life insurance (CVLI) is a risk management tool that provides not only a life cycle protection but also a cash value accumulation potential. This study used the behavioral life cycle hypothesis as a theoretical framework and investigated the role of self-discipline and risk tolerance on CVLI ownership of young adult households aged 26-30. A logistic regression model was used to analyze the National Longitudinal Survey of Youth 1997 (NLSY97) that surveyed Americans born between 1980 and 1984. The results showed that the likelihood of owning CVLI increased with self-discipline and decreased with risk tolerance. |
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Bibliography Citation
Rabbani, Abed G. "Cash Value Life Insurance Ownership among Young Adults: The Role of Self-Discipline and Risk Tolerance." Journal of Behavioral and Experimental Finance published online (23 July 2020): 100385.
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