دورية أكاديمية
Life insurance consumption across generations: The roles of financial knowledge, planning horizon, and self‐control
| العنوان: | Life insurance consumption across generations: The roles of financial knowledge, planning horizon, and self‐control |
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| المؤلفون: | Rey Ares, Lucía, Fernández López, Sara, Castro González, Sandra |
| المساهمون: | Universidade de Santiago de Compostela. Departamento de Economía Financeira e Contabilidade, Universidade de Santiago de Compostela. Departamento de Organización de Empresas e Comercialización |
| بيانات النشر: | Wiley |
| المجموعة: | Minerva - Repositorio institucional da Universidade de Santiago de Compostela (USC) |
| مصطلحات موضوعية: | Baby boomers, Financial knowledge, Financial planning horizon, Financial self-control, GenXers, Life insurance demand, Millennials |
| الوصف: | Life insurance enhances households' capacity to absorb financial shocks and protects against personal risks that no one likes to contemplate. This is even more important in times of economic hardship such as now, when many Europe countries and particularly Spain are going through difficult times due to rising inflation, the war in Ukraine, and the ongoing COVID-19 pandemic. Although previous studies have analysed the driving forces of life insurance demand, the influence of the individual's financial planning horizon, financial knowledge, and financial self-control have been underexplored. This study analyses the influence of personal financial attributes on life insurance demand and, in so doing, explores whether the effects of such attitudes differ across different generational cohorts (i.e., the silent generation, baby boomers, Gen Xers, and millennials). The data, taken from the Survey of Financial Competences, comprises 7245 Spanish individuals. Evidence from multivariate analyses reflects the relevance of standard sociodemographic characteristics in explaining individuals' decisions to become life insurance holders. In contrast, evidence does not support a statistically significant relationship in the case of behavioural variables such as financial self-control and the financial planning horizon ; The authors acknowledge the comments by three anony-mous reviewers and the associated editor that greatlyhelped improve the article ; SI |
| نوع الوثيقة: | article in journal/newspaper |
| اللغة: | English |
| تدمد: | 1076-9307 1099-1158 |
| العلاقة: | https://doi.org/10.1002/ijfe.2903Test; Rey-Ares, L., Fernández-López, S., & Castro-González, S. (2023). Life insurance consumption across generations: The roles of financial knowledge, planning horizon, and self-control. International Journal of Finance & Economics, 1–21. https://doi.org/10.1002/ijfe.2903Test; http://hdl.handle.net/10347/33113Test |
| DOI: | 10.1002/ijfe.2903 |
| الإتاحة: | https://doi.org/10.1002/ijfe.2903Test http://hdl.handle.net/10347/33113Test |
| حقوق: | © 2023 The Authors.International Journal of Finance & Economicspublished by John Wiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs License, which permits use and distribution in anymedium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made ; Attribution-NonCommercial-NoDerivatives 4.0 Internacional ; http://creativecommons.org/licenses/by-nc-nd/4.0Test/ ; open access |
| رقم الانضمام: | edsbas.84222EF6 |
| قاعدة البيانات: | BASE |
| تدمد: | 10769307 10991158 |
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| DOI: | 10.1002/ijfe.2903 |