Risk communication clarity and insurance demand: The case of the COVID-19 pandemic.
J Econ Dyn Control
; 146: 104562, 2023 Jan.
Article
in English
| MEDLINE | ID: covidwho-2240651
ABSTRACT
We study how the clarity of COVID-19 risk communications affects COVID-19 insurance demand using proprietary prefecture-level insurance data from China. We find that when local disclosures of COVID-19 risk contain case origin information, local purchases of COVID-19 insurance and local Internet searches for COVID-19 information increase, even after controlling for newly confirmed local cases and new deaths. Our results are robust to using the disclosure clarity of a major neighboring city. The findings suggest that providing improved knowledge about risk to individuals lead them to engage in more risk management. Our evidence contributes to the debate over how risk communication affects individuals' risk-related behaviors.
Full text:
Available
Collection:
International databases
Database:
MEDLINE
Type of study:
Prognostic study
Language:
English
Journal:
J Econ Dyn Control
Year:
2023
Document Type:
Article
Affiliation country:
J.jedc.2022.104562
Similar
MEDLINE
...
LILACS
LIS