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Background UNcertainty and the Demand for Insurance Against Insurable Risks

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Listed:
  • Guiso, L.
  • Jappelli, T.

Abstract

Theory suggests that people facing higher uninsurable background risk buy more insurance against other risks that are insurable. This proposition is supported by Italian cross-sectional data. Its shown that the probability of purchasing casualty insurance increases with earnings uncertainty.

Suggested Citation

  • Guiso, L. & Jappelli, T., 1996. "Background UNcertainty and the Demand for Insurance Against Insurable Risks," Papers 284, Banca Italia - Servizio di Studi.
    • Handle: RePEc:fth:banita:284
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    INSURANCE; RISK;

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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