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| Household Demographic Structure and Household Demand for Life Insurance: Empirical Research Based on the Data of China Household Finance Survey |
| FAN Gangzhi, WANG Hongyang
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| The Research Institute of Economics and Management,SouthwesternUniversity of Finance and Economics |
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Abstract This paper attempts to investigate the impact of demographic structure on household demand for life insurance using the micro-level data of China Household Finance Survey (CHFS). Our empirical results show that the proportion of the elderly in a household has a negative effect on the household’s demand for life insurance. However, the proportion of children in a household has a positive effect. We also find that a smaller household size can reduce the household’s demand for life insurance. Our findings shed new light on the problem of population aging and one-child policy in China.
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Received: 10 March 2015
Published: 19 April 2018
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