Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/149086
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dc.contributor.authorKamiya, Shinchien_US
dc.date.accessioned2021-05-25T07:17:22Z-
dc.date.available2021-05-25T07:17:22Z-
dc.date.issued2018-
dc.identifier.citationKamiya, S. (2018). Credit crunch and insurance consumption : the aftermath of the subprime mortgage crisis. Journal of Risk and Insurance, 85(3), 721-747. https://dx.doi.org/10.1111/jori.12167en_US
dc.identifier.issn0022-4367en_US
dc.identifier.urihttps://hdl.handle.net/10356/149086-
dc.description.abstractUsing cross-state panel data of the U.S. personal auto insurance premiums from 2007 to 2012, this study provides evidence that consumer purchases of insurance were reduced by more than expected from losses of risk exposure during and after the subprime mortgage crisis. Analyses show that the credit crunch of auto loans and a deterioration of net worth in housing resulting from the bursting housing bubble contributed to the reduced consumption of auto insurance. This result is robust even after controlling for associated factors, such as the insurance price, personal spending on vehicles, and general consumption. These findings provide evidence for a real effect of the financial crisis.en_US
dc.language.isoenen_US
dc.relation.ispartofJournal of Risk and Insuranceen_US
dc.rights© 2016 The Journal of Risk and Insurance. All rights reserved. This paper was published by Wiley in Journal of Risk and Insurance and is made available with permission of The Journal of Risk and Insurance.en_US
dc.subjectBusiness::Financeen_US
dc.titleCredit crunch and insurance consumption : the aftermath of the subprime mortgage crisisen_US
dc.typeJournal Articleen
dc.contributor.schoolCollege of Business (Nanyang Business School)en_US
dc.identifier.doi10.1111/jori.12167-
dc.description.versionAccepted versionen_US
dc.identifier.scopus2-s2.0-84994682763-
dc.identifier.issue3en_US
dc.identifier.volume85en_US
dc.identifier.spage721en_US
dc.identifier.epage747en_US
dc.subject.keywordsInsurance Consumptionen_US
dc.subject.keywordsCredit Crunchen_US
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