Abstract

In this paper, we report the results of a survey on the individual propensity to hold income protection insurance across 11 countries and focus on whether it is meaningful to assume that observed preferences for such products are driven by factors such as respondents’ socio-demographic and economic circumstances or country of residence. We also ask whether it is meaningful to associate observed preferences for income protection insurance to blocs of countries such as the Americas and continental Europe. While country-specific effects dominate the empirical analysis, there is evidence of common preferences across higher-paid individuals within and between blocs of countries. Implications are drawn from our results for understanding the relationship between national institutions, labour market practices and individual behaviour.

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