• Medientyp: E-Book
  • Titel: Protective Behavior and Life Insurance
  • Beteiligte: Hurwitz, Abigail [Verfasser:in]; Mitchell, Olivia S. [Verfasser:in]; Sade, Orly [Verfasser:in]
  • Körperschaft: National Bureau of Economic Research
  • Erschienen: Cambridge, Mass: National Bureau of Economic Research, February 2024
  • Erschienen in: NBER working paper series ; no. w32102
  • Umfang: 1 Online-Ressource; illustrations (black and white)
  • Sprache: Englisch
  • Schlagwörter: Lebensversicherung ; Risikopräferenz ; Coronavirus ; Epidemie ; Impfung ; Israel ; USA ; Household Saving; Personal Finance ; Consumption; Saving; Wealth ; Household Saving, Borrowing, Debt, and Wealth ; Insurance ; Arbeitspapier ; Graue Literatur
  • Reproduktionsnotiz: Hardcopy version available to institutional subscribers
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  • Beschreibung: We study life insurance market responses to Covid-19 using unique national administrative data from Israel on purchases and cancellations of life insurance policies, and an internet survey of Americans' life insurance choices, risk attitudes, Covid-19 perceptions, and vaccination behavior. We see no evidence that life insurance purchases or cancellations were consistent with adverse selection during the pandemic, while we do find advantageous selection. Moreover, life insurance policyholders were more likely to get vaccinated, thus taking ex-post preventive action reducing their pandemic risk. Such positive reactive behavior has not been previously reported in the life insurance setting