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Insuring Well-being: Psychological Adaptation to Disasters
[post]
2021
unpublished
We examine the impact of life and health insurance spending on subjective well-being. Taking advantage of insurance spending and subjective well-being data on more than 700,000 individuals in Japan, we examine whether insurance spending can buffer declines in subjective well-being due to exposure to mass disaster. We find that insurance spending can buffer drops in subjective well-being by approximately 3–6% among those who experienced the mass disaster of the great East Japan earthquake.
doi:10.21203/rs.3.rs-874349/v1
fatcat:h6z7fecdnvcplm7egyss72kegu