Stock Return Uncertainty and Life Insurance
Joint Authors
Dong, Yang
Wang, Hao
Zhang, Lihong
Source
Mathematical Problems in Engineering
Issue
Vol. 2020, Issue 2020 (31 Dec. 2020), pp.1-14, 14 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2020-07-10
Country of Publication
Egypt
No. of Pages
14
Main Subjects
Abstract EN
Knightian uncertainty embedded in stock returns causes rising demand for life insurance, as the uncertainty averse agent seeks alternative investment channels.
Life insurance demand of middle-aged agent is more sensitive to the uncertainty.
Stock return uncertainty reduces the agent’s total wealth and subsequently the propensity of wealthy agent serving as an insurance seller.
Rising demand and falling supply of life insurance imply that life insurance is more expensive in the presence of stock return uncertainty.
Sensitivity of life insurance demand to the mortality rate and key stock return characteristics also changes with the uncertainty.
American Psychological Association (APA)
Dong, Yang& Wang, Hao& Zhang, Lihong. 2020. Stock Return Uncertainty and Life Insurance. Mathematical Problems in Engineering،Vol. 2020, no. 2020, pp.1-14.
https://search.emarefa.net/detail/BIM-1193561
Modern Language Association (MLA)
Dong, Yang…[et al.]. Stock Return Uncertainty and Life Insurance. Mathematical Problems in Engineering No. 2020 (2020), pp.1-14.
https://search.emarefa.net/detail/BIM-1193561
American Medical Association (AMA)
Dong, Yang& Wang, Hao& Zhang, Lihong. Stock Return Uncertainty and Life Insurance. Mathematical Problems in Engineering. 2020. Vol. 2020, no. 2020, pp.1-14.
https://search.emarefa.net/detail/BIM-1193561
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1193561