遗产动机下家庭最优保险需求研究

Optimal Insurance Needs with Heritage Motivation

本文将遗产动机引入代际收入转移下的家庭消费—储蓄决策中,讨论了遗产动机下家庭在消费、投资、保险、教育方面的最优支出结构,特别关注家庭对年金和寿险的最优购买比例。研究结果显示,本文的理论结果能够很好地解释家庭在当期消费、风险投资、年金购买、人寿保险购买、教育等方面的支出决策。此外,本文为建立含有保险的宏观经济模型奠定了合理的微观基础,可以进一步研究人寿保险与经济增长的关系。

This article introduced heritage motivation into the household consumption-savings model with inter-gen- erational transfer payments to study the individual＇ s optimal decision on consumption, investment, insurance, and education expenses, particularly the optimal percentages of expenditures on annuity and life insurance. The results showed that the optimal expenditures on current consumption, investment, annuity, life insurance, and education ex- penses are consistent with the actual data. Besides, this article can be viewed as the micro foundation of macroeco- nomics model with the insurance sector embedded in it, which is helpful for the understanding of the relationship be- tween the insurance sector and economic growth