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Compulsory public pension and the demand for life insurance: the case of Sweden

Author

Listed:
  • Lars Fredrik Andersson

    (Umeå University)

  • Liselotte Eriksson

    (Umeå University)

Abstract

"We employ cost-of-living surveys and business archives to examine the impact of compulsory pension on the demand for life insurance in Sweden from 1884 to 1914 - a period covering the implementation of the first public compulsory old-age pension reform and the take-off of industry life insurance. As predicted from the contemporary literature on crowding-out effects, we find that compulsory pension reduces the demand for life insurance. Our results also show that income was the major driver for life insurance, along with family structure and geographical localization, while dependence on a male breadwinner played a less significant role."

Suggested Citation

  • Lars Fredrik Andersson & Liselotte Eriksson, 2013. "Compulsory public pension and the demand for life insurance: the case of Sweden," Working Papers 13030, Economic History Society.
    • Handle: RePEc:ehs:wpaper:13030
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Life insurance; Old-age pension; Household; Crowding-out; Sweden;
    All these keywords.

    JEL classification:

    • N00 - Economic History - - General - - - General

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