Life insurance holdings and well-being of surviving spouses

TitleLife insurance holdings and well-being of surviving spouses
Publication TypeJournal Article
Year of Publication2018
AuthorsHarris, TF, Yelowitz, A
JournalContemporary Economic Policy
Pagination526 - 538
KeywordsBereavement, Life insurance, Marriage, Well-being

Premature death of a breadwinner can have devastating financial consequences on surviving dependents. This study investigates the role of life insurance in mitigating the long-run financial consequences of spousal mortality. Using the Health and Retirement Study, we examine individuals whose spouses died during or soon after his or her peak earnings years. After controlling for socioeconomic status, we find that sizable lump-sum life insurance payouts do not significantly influence spousal well-being.

Short TitleContemp Econ Policy
Citation Key9774