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- Title
INFLATION AND SAVING THROUGH LIFE INSURANCE: COMMENT.
- Authors
Fortune, Peter
- Abstract
This article presents a comment on a study which tested the hypothesis that inflation is not adverse to saving through life insurance. In a recent issue of this journal, Seev Neumann tests the hypothesis that inflation is not adverse to saving through life insurance and concludes by accepting the hypothesis. This comment suggests several weaknesses in Neumann's methodology and develops and tests an alternative model which is judged to be a better test of the hypothesis. The critiques conclude that Neumann is correct with respect to the question of the effect of the expected rate of inflation but he is incorrect with respect to the question of the effect of the expected level of the time path of future prices on saving through life insurance.
- Subjects
PRICE inflation; ECONOMIC policy; LIFE insurance; INSURANCE; NEUMANN, Seev; HYPOTHESIS; PRICES; PRICE regulation
- Publication
Journal of Risk & Insurance, 1972, Vol 39, Issue 2, p317
- ISSN
0022-4367
- Publication type
Article
- DOI
10.2307/251901