The effect of life insurance development on happiness indicators in selected countries

Shahabadi, A.; Moradi, A.; Seyed Rezaei, M. S.

doi:10.22056/ijir.2021.03.01

Document Type : Original Research Paper

Authors

¹ Department of Economics, Faculty of Economic and Social Sciences, Alzahra University, Tehran, Iran

² Department of Economics, Faculty of Management, Islamic Azad University of Arak, Arak, Iran

³ Department of Bussiness Management, Faculty of Management, Islamic Azad University of Tehran, Tehran, Iran

https://doi.org/10.22056/ijir.2021.03.01

Abstract

Objective: Feeling happy plays a constructive role in ensuring the mental, physical and physical health of individuals and increasing their motivation and productivity. Hence, happiness has become one of the measures of sustainable development. In this regard, the present study examines the impact of life insurance on the 8 happiness indicators considered by the Legatum Institute (including economy, entrepreneurship, governance, education, health, safety and security, individual freedom and social capital) in selected countries during the period 2018- 2007.
Methodology: The research model was estimated using multivariate regression analysis, panel data approach and generalized torque method in 8 cases. In each case, one of the happiness indicators was used as a dependent variable in the model.
Results: The estimated results showed that the effect of life insurance development on all indicators of happiness in selected countries is positive and significant.
Conclusion: Life insurance should be designed in such a way that people according to their needs and priorities can use them in various aspects of daily life, including education, health, safety, entrepreneurship, etc., and increase their happiness. Representatives.
JEL Classification: G22, J28, I11, I21, D46.

Keywords

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Iranian Journal of Insurance Research

The effect of life insurance development on happiness indicators in selected countries

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Letters to Editor

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Volume 10, Issue 3 - Serial Number 37
July 2021
Pages 155-168

The effect of life insurance development on happiness indicators in selected countries

References

References

Letters to Editor

Send comment about this article

Volume 10, Issue 3 - Serial Number 37July 2021Pages 155-168

Volume 10, Issue 3 - Serial Number 37
July 2021
Pages 155-168