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dc.contributor.advisorWeagley, Robert Otis, 1952-en
dc.contributor.authorLi, Minen_US
dc.date.issued2008eng
dc.date.submitted2008 Summeren
dc.descriptionThe entire dissertation/thesis text is included in the research.pdf file; the official abstract appears in the short.pdf file (which also appears in the research.pdf); a non-technical general description, or public abstract, appears in the public.pdf file.en_US
dc.descriptionTitle from title screen of research.pdf file (viewed on August 13, 2009)en_US
dc.descriptionIncludes bibliographical references.en_US
dc.descriptionThesis (M.S.) University of Missouri-Columbia 2008.en_US
dc.descriptionDissertations, Academic -- University of Missouri--Columbia -- Consumer and family economics.en_US
dc.description.abstractThis thesis aims to examine both the type and amount of life insurance purchased by households. To this end, comprehensive models of households' demand for life insurance were developed, which included demographic variables, economic and assets, and psychographic variables. The effects of these factors on either term or cash value life insurance purchased by households were examined separately. The data was obtained from the 2004 Survey of Consumer Finances. The Heckman two-step selection model was used for the data analysis in order to investigate two different household life insurance purchasing behaviors: the type of life insurance purchased and the amount of life insurance purchased. This study provides three contributions. First, the results proved that most of assets categories associate with the purchase of life insurance by households. Second, using Heckman two-stage selection model is supported in this study because factors influenced the probability of owning life insurance and the amount life insurance held were different. Finally, the fact that variables associated with the demand for term life insurance and the demand for cash value life insurance were different support the view that term life and cash value life insurance should be examined separately.en_US
dc.identifier.merlin.b70626716en_US
dc.identifier.oclc430322613en_US
dc.identifier.otherLiM-070708-T11805en_US
dc.identifier.urihttp://hdl.handle.net/10355/5724
dc.publisherUniversity of Missouri--Columbiaen_US
dc.relation.ispartof2008 Freely available theses (MU)en_US
dc.relation.ispartofcommunityUniversity of Missouri-Columbia. Graduate School. Theses and Dissertations. Theses. 2008 Theses
dc.subject.lcshLife insuranceen_US
dc.subject.lcshHome economics -- Accountingen_US
dc.titleFactors influencing households' demand for life insuranceen_US
dc.typeThesisen_US
thesis.degree.disciplineConsumer and family economicsen_US
thesis.degree.grantorUniversity of Missouri--Columbiaen_US
thesis.degree.levelMastersen_US
thesis.degree.nameM.S.en_US


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