IDEAS home Printed from https://ideas.repec.org/a/bla/ecorec/v60y1984i2p165-175.html
   My bibliography  Save this article

Taxation and Life Insurance: A Theoretical Analysis

Author

Listed:
  • IAN R. HARPER

Abstract

Taxation of life insurance is generally considered to pose special and complex problems. These are alleged to stem from the special nature of life insurance. This paper challenges the notion that there is anything inherently special about the economics of life insurance and disputes the claim that it warrants special tax treatment. A model of the life insurance firm is presented and the appropriate basis for taxing life insurance companies and their policyholders is derived. This is compared with the system of taxation currently operating in Australia.

Suggested Citation

  • Ian R. Harper, 1984. "Taxation and Life Insurance: A Theoretical Analysis," The Economic Record, The Economic Society of Australia, vol. 60(2), pages 165-175, June.
    • Handle: RePEc:bla:ecorec:v:60:y:1984:i:2:p:165-175
    DOI: 10.1111/j.1475-4932.1984.tb00850.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1475-4932.1984.tb00850.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1475-4932.1984.tb00850.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ian R. Harper, 1983. "Campbell On The Taxation Of Life Insurance And Superannuation In Australia," Economic Papers, The Economic Society of Australia, vol. 2(S1), pages 25-37, April.
    2. John M. Marshall, 1974. "Insurance As a Market in Contingent Claims: Structure and Performance," Bell Journal of Economics, The RAND Corporation, vol. 5(2), pages 670-682, Autumn.
    3. Marshall, John M, 1974. "Insurance Theory: Reserves versus Mutuality," Economic Inquiry, Western Economic Association International, vol. 12(4), pages 476-492, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. J.R.G. Butler & D.P. Doessel, 1988. "Alternative Schemes for Distributing Transfers to Natural Disaster Victims: Analysis and Implementation," The Economic Record, The Economic Society of Australia, vol. 64(1), pages 47-54, March.
    2. Enjolras, Geoffroy & Kast, Robert, 2007. "Using participating and financial contracts to insure catastrophe risk: Implications for crop risk management," 101st Seminar, July 5-6, 2007, Berlin Germany 9268, European Association of Agricultural Economists.
    3. Schmeiser, Hato & Orozco-Garcia, Carolina, 2021. "The merits of pooling claims: Mutual vs. stock insurers," Insurance: Mathematics and Economics, Elsevier, vol. 99(C), pages 92-104.
    4. Lee, Chien-Chiang & Lin, Chun-Wei & Zeng, Jhih-Hong, 2016. "Financial liberalization, insurance market, and the likelihood of financial crises," Journal of International Money and Finance, Elsevier, vol. 62(C), pages 25-51.
    5. Grillet, Luc L., 1992. "Markets, hierarchies, and hybrids in corporate insurance," Discussion Papers, Series II 173, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    6. Dionne, Georges & Fombaron, Nathalie & Doherty, Neil, 2012. "Adverse selection in insurance contracting," Working Papers 12-8, HEC Montreal, Canada Research Chair in Risk Management.
    7. Ralph A. Winter, 1991. "The Liability Insurance Market," Journal of Economic Perspectives, American Economic Association, vol. 5(3), pages 115-136, Summer.
    8. Franz Sinabell & Thomas Url, 2006. "Versicherungen als effizientes Mittel zur Risikotragung von Naturgefahren," WIFO Studies, WIFO, number 28181.
    9. Neil A. Doherty & Harris Schlesinger, 1992. "Insurance Markets with Noisy Loss Distributions," CESifo Working Paper Series 22, CESifo.
    10. Malin Song & Qianqian Du, 2019. "Analysis and exploration of damage-reduction measures for flood disasters in China," Annals of Operations Research, Springer, vol. 283(1), pages 795-810, December.
    11. Krogmeier, Joseph L. & Wang, H. Holly, 1998. "The Possibility Of A Private Crop Insurance Market: The Theoretical Foundations," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20902, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    12. Seungmook Choi & Don Hardigree & Paul D. Thistle, 2002. "The Property/Liability Insurance Cycle: A Comparison of Alternative Models," Southern Economic Journal, John Wiley & Sons, vol. 68(3), pages 530-548, January.
    13. Thomas Url, 2022. "Die gesamtwirtschaftliche Bedeutung der österreichischen Versicherungswirtschaft," WIFO Studies, WIFO, number 69819.
    14. Dionne, Georges & Fombaron, Nathalie & Mimra, Wanda, 2023. "Adverse selection in insurance," Working Papers 23-5, HEC Montreal, Canada Research Chair in Risk Management.
    15. repec:dau:papers:123456789/3687 is not listed on IDEAS
    16. Dercon, Stefan & Bold, Tessa, 2014. "Insurance companies of the poor," CEPR Discussion Papers 10278, C.E.P.R. Discussion Papers.
    17. Henri Loubergé, 1998. "Risk and Insurance Economics 25 Years After," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 23(4), pages 540-567, October.
    18. Geoffroy Enjolras & Robert Kast, 2012. "Combining participating insurance and financial policies," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 72(1), pages 156-178, May.
    19. Roland Eisen, 2021. "Vulnerability and mutual insurance," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 46(2), pages 224-235, April.
    20. McGoun, Elton G., 2003. "Finance models as metaphors," International Review of Financial Analysis, Elsevier, vol. 12(4), pages 421-433.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ecorec:v:60:y:1984:i:2:p:165-175. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/esausea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.