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metadata language: English

Replication data for: Life Insurance and Household Consumption

Version
V0
Resource Type
Dataset
Creator
  • Hong, Jay H.
  • Ríos-Rull, José-Víctor
Publication Date
2012-12-01
Description
  • Abstract

    Using life insurance holdings by age, sex, and marital status, we infer how individuals value consumption in different demographic stages. We estimate equivalence scales and bequest motives simultaneously within a fully specified model where agents face US demographics and save and purchase life insurance. Our findings indicate that individuals are very caring for dependents, that economies of scale are large, that children are very costly (or yield very high marginal utility), that wives with children produce lots of home goods, and that females display habits from marriage, while men do not. These findings contrast sharply with standard equivalence scales.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.102.7.3701 (Text)
Publications
  • Hong, Jay H, and José-Víctor Ríos-Rull. “Life Insurance and Household Consumption.” American Economic Review 102, no. 7 (December 2012): 3701–30. https://doi.org/10.1257/aer.102.7.3701.
    • ID: 10.1257/aer.102.7.3701 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-06

Hong, Jay H.; Ríos-Rull, José-Víctor (2012): Replication data for: Life Insurance and Household Consumption. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116112