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| Selahattin Tolga Er and Ender Demir |
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| ''A matter of life or non-life: the role of economic uncertainty on insurance consumption'' |
| ( 2022, Vol. 42 No.3 ) |
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| This paper examines the effect of economic uncertainty proxied by the World Uncertainty Index on life and non-life insurance consumption using a panel dataset from 114 countries between 1996 and 2017. We find evidence that while higher economic uncertainty lowers life insurance penetration, non-life insurance penetration remains unaffected by economic uncertainty. |
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| Keywords: Life Insurance, Non-life Insurance, Insurance Consumption, Economic Uncertainty, World Uncertainty Index |
JEL: G2 - Financial Institutions and Services: General
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| Manuscript Received : Jun 07 2022 | | Manuscript Accepted : Sep 30 2022 |
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