The compulsory public pension and the demand for life insurance
The case of Sweden, 1884-1914
Bibliographic Data
| ID | 3550285 |
|---|---|
| Authors | Lars‐fredrik Andersson (0000-0002-1413-3707, Umeå University), Liselotte Eriksson (0000-0003-2591-6579, Umeå University) |
| Year | 2015 |
| Volume | 68 |
| Issue | 1 |
| Pages | 244-263 |
| Publication date | 2015-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic History Review (JOURNAL) |
| Journal identifiers | ISSN: 0013-0117 • E-ISSN: 1468-0289 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1468-0289.12054 |
| OpenAlex | W2171484923 |
| Language | EN |
| Citations received | 7 |
| References cited | 33 |
We employ cost-of-living surveys, business archives, and firm data to examine the impact of the compulsory pension on the demand for life insurance in Sweden from 1884 to 1914-a period that covers the implementation of the first public compulsory old-age pension reform and the take-off of industry life insurance. As predicted on the basis of the contemporary literature on crowding-out effects, we find that the compulsory pension reduced the demand for life insurance. Our panel-data analysis of lapse rates on insurance policies shows a significant crowding-out effect of pension payments. We conclude that the introduction of the general compulsory pension had a crowding-out effect on households' holdings of insurance policies
Actuarial science · Business · Crowding out · Demographic economics · Economics · Insurance policy · Labour economics · Life insurance · Monetary economics · Panel data · Payment · Pension · Pension insurance · Finance · Financial Literacy, Pension, Retirement Analysis · Global Health Care Issues · Insurance, Mortality, Demography, Risk Management
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| Unique citing works | 7 |
|---|---|
| Citations per year | 1 |
| Citation span | 2019 - 2024 (6) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 6 |