IDEAS home Printed from https://ideas.repec.org/a/pal/genrir/v50y2025i2d10.1057_s10713-023-00090-5.html
   My bibliography  Save this article

Self-protection against a health risk and saving: an analysis of income and health effects

Author

Listed:
  • Jimin Hong

    (Soongsil University)

  • Kyungsun Kim

    (Korea Insurance Research Institute)

Abstract

This study considers both an atemporal (one period) and an intertemporal (two period, with savings) model to examine the effects of income and health on self-protection. We identify clear conditions on risk preferences which imply the normality (or inferiority) of self-protection; these conditions are essentially the same in both the atemporal and intertemporal models. The effects of health on self-protection are more complicated: dynamic versus static matters, and the effects depend, in particular, on whether the individual is correlation (between health and consumption) loving or correlation averse.

Suggested Citation

  • Jimin Hong & Kyungsun Kim, 2025. "Self-protection against a health risk and saving: an analysis of income and health effects," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 50(2), pages 232-257, September.
    • Handle: RePEc:pal:genrir:v:50:y:2025:i:2:d:10.1057_s10713-023-00090-5
    DOI: 10.1057/s10713-023-00090-5
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1057/s10713-023-00090-5
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1057/s10713-023-00090-5?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:genrir:v:50:y:2025:i:2:d:10.1057_s10713-023-00090-5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.