Rapi, Kristio; Priyarsono, Dominicus S.; Siti Jahroh; … - In: Economies : open access journal 13 (2025) 1, pp. 1-22
Income is often viewed as the main determinant of life insurance demand. However, in the last two decades, the world …'s life insurance penetration has continued to decrease even as income grows. This study investigates the relationship between … income and life insurance demand using panel data from forty-one countries from 2013 to 2022, along with education and life …