Household life insurance demand: A multivariate two-part model

North American Actuarial Journal

Volumn 14, Issue 3, 2010, Pages 338-354

  Frees, Edward W ^a  

^a Winnie) Sun, Yunjie   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 79952018986     PISSN: 10920277     EISSN: None     Source Type: Journal    
DOI: 10.1080/10920277.2010.10597595     Document Type: Article

References (23)

1. BERNHEIM, B. D., K. G. CARMAN, J. GOKHALE, and L. J. KOTLIKOFF. 2001. The Mismatch between Life Insurance Holdinǵs and Financial Vulnerabilities: Evidence from the Survey of Consumer Finances. NBER working paper 8544.
2. BURNETT, J. J., and B. A. PALMER. 1984. Examining Life Insurance Ownership throuǵh Demoǵraphic and Psychoǵraphic Characteristics. Journal of Risk and Insurance 51(3): 453-467.
3. CHAVAS, J. P. 2004. Risk Analysis in Theory and Practice. San Dieǵo: Elsevier Academic Press.
4. CRAGG, J. G. 1971. Some Statistical Models for Limited Dependent Variables with Application to the Demand for Durable Goods. Econometrica 39(5): 829-844.
5. FEDERAL RESERVE BOARD. 2004. Codebook for the 2004 Survey of Consumer Finances. New York: Federal Reserve.
6. FREES, E. W. 2010. Reǵression Modeling with Actuarial and Financial Applications. New York: Cambridǵe University Press.
7. FREES, E. W., J. GAO, and M. A. ROSENBERG. 2009. Predicting the Frequency and Amount of Health Care Expenditures. Working paper.
8. FREES, E. W., and E. A. VALDEZ. 1998. Understanding Relationships Using Copulas. North American Actuarial Journal 2(1): 1-25.
9. FREES, E. W., and P. WANG. 2005. Credibility Using Copulas. North American Actuarial Journal 9(1): 31-48.
10. GENEST, C., and A.-C. FAVRE. 2007. Everything You Always Wanted to Know about Copula Modeling but Were Afraid to Ask. Journal of Hydroloǵic Enǵineering 12: 347-368.
11. GOLDSMITH, A. 1983. Household Life Cycle Protection: Human Capital versus Life Insurance. Journal of Risk and Insurance 50(3): 473-486.
12. GREENE, W. 2008. Econometric Analysis. 6th ed. Upper Saddle River, NJ: Pearson Prentice-Hall.
13. Halek, M., and J. G. Eisenhauer. 2001. Demoǵraphy of Risk Aversion. Journal of Risk and Insurance 68(1): 1-24.
14. INSURANCE INFORMATION INSTITUTE. 2009. Facts and Statistics. Available at: www.iii.org/media/facts/statsbyissue/life/.
15. KLEIBER, C., and S. KOTZ. 2003. Statistical Size Distributions in Economics and Actuarial Sciences. New York: Wiley.
16. KLUGMAN, S. A., H. H. PANJER, and G. E. WILLMOT. 2008. Loss Models: From Data to Decisions. Hoboken, NJ: John Wiley & Sons.
17. LIN, Y., and M. F. GRACE. 2007. Household Life Cycle Protection: Life Insurance Holdinǵs, Financial Vulnerability, and Portfolio Implications. Journal of Risk and Insurance 74(1): 141-173.
18. MCCULLAGH, P., and J. A. NELDER. 1989. Generalized Linear Models. 2nd ed. London: Chapman & Hall.
19. NELSON, R. B. 1999. An Introduction to Copulas. Lecture Notes in Statistics 139. New York: Sprinǵer.
20. TOBIN, J. 1958. Estimation of Relationships for Limited Dependent Variables. Econometrica 26: 24-36.
21. Vidal-Melia, C., And A. Lejarraga-García. 2005. The Bequest Motive and Sinǵle People’s Demand for Life Annuities. Belǵian Actuarial Bulletin 4: 4-15.
22. ZEGER, C. V., and P. DIGGLE. 1992. Modeling Multivariate Binary Data with Alternating Loǵistic Reǵressions. Biometrika 80(3): 517-526.
23. ZELLNER, A., and T. H. LEE. 1965. Joint Estimation of Relationships Involving Discrete Random Variables. Econometrica 33: 382-394.