Credit crunch and insurance consumption : the aftermath of the subprime mortgage crisis

Using 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...

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Bibliographic Details
Main Author: Kamiya, Shinchi
Other Authors: Nanyang Business School
Format: Article
Language:English
Published: 2021
Subjects:
Online Access:https://hdl.handle.net/10356/149086
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Institution: Nanyang Technological University
Language: English
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