Event Title

Life Insurance Holdings in the Great Recession

Presenter Information

Clare Peaslee, Colby CollegeFollow

Location

Diamond 141

Start Date

1-5-2014 1:00 PM

End Date

1-5-2014 4:00 PM

Project Type

Presentation- Restricted to Campus Access

Description

Using panel data from the 2007-09 Survey of Consumer Finances, this research explores channels through which the Great Recession affected households demand for life insurance policies. Existing literature suggests that the economic downturn induced changes in insurance coverage due to both financial and psychological shocks. This paper utilizes a First Differenced estimator via an OLS regression to analyze whether changes in household structure, financial position, and economic perceptions caused households to drop or purchase life insurance policies over this two-year period.

Faculty Sponsor

Michael Donihue

Sponsoring Department

Colby College. Economics Dept.

CLAS Field of Study

Social Sciences

Event Website

http://www.colby.edu/clas

ID

117

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May 1st, 1:00 PM May 1st, 4:00 PM

Life Insurance Holdings in the Great Recession

Diamond 141

Using panel data from the 2007-09 Survey of Consumer Finances, this research explores channels through which the Great Recession affected households demand for life insurance policies. Existing literature suggests that the economic downturn induced changes in insurance coverage due to both financial and psychological shocks. This paper utilizes a First Differenced estimator via an OLS regression to analyze whether changes in household structure, financial position, and economic perceptions caused households to drop or purchase life insurance policies over this two-year period.

http://digitalcommons.colby.edu/clas/2014/program/102