Financial literacy, financial advisors, and information sources on demand for life insurance

Chaonan Lin, Yu Jen Hsiao, Cheng Yung Yeh

研究成果: 雜誌貢獻文章同行評審

29 引文 斯高帕斯(Scopus)

摘要

A logistic regression model was used to investigate the effects of financial literacy, financial advisors, and information sources on life insurance participation. Our empirical findings suggest that people with high financial literacy are more likely to purchase life insurance and that consultations with financial advisors and conversations with family members and friends are both positively associated with the demand for life insurance. Participant characteristics, such as age, gender, marital status, working status, and personal income, are also major factors affecting the demand for life insurance. Moreover, the Taiwan Financial Supervisory Commission education program can increase the demand for life insurance.
原文英語
頁(從 - 到)218-237
頁數20
期刊Pacific Basin Finance Journal
43
DOIs
出版狀態已發佈 - 六月 1 2017

ASJC Scopus subject areas

  • 金融
  • 經濟學與計量經濟學

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