IDEAS home Printed from https://ideas.repec.org/a/rrs/journl/v5y2011i1p70-88.html
   My bibliography  Save this article

The Romanians’ Preferences For Life Insurance And Optional Private Pension Products. A Regional Analysis

Author

Listed:
  • Ingrid Mihaela Dragota

    (Bucharest Academy of Economic Studies, Romania)

  • Bogdan-Vasile Ileanu

    (Bucharest Academy of Economic Studies, Romania)

Abstract

In an international context, Romania had a special position, with both positive and negative aspects in its evolution. Even during a crisis period, starting with 2008, Romania life insurance penetration rate had a continuous growing trend, but it has lagged behind other countries,from Europe or from other continents. The statistics for Romania proved that more steps must be done, primarily in terms of people’s mentality to recognize the usefulness of this sector. Based on our field research of 870 respondents in a nationally representative statistical survey of urban environment in Romania, a binary logit model identified the age, the education level, income per capita and gender as predictors for the probability a life insurance policy to be chosen against an optional private pension. Different result between regions suggests as adequate a regional approach in future management plans regarding life insurance penetration.

Suggested Citation

  • Ingrid Mihaela Dragota & Bogdan-Vasile Ileanu, 2011. "The Romanians’ Preferences For Life Insurance And Optional Private Pension Products. A Regional Analysis," Romanian Journal of Regional Science, Romanian Regional Science Association, vol. 5(1), pages 70-88, JUNE.
    • Handle: RePEc:rrs:journl:v:5:y:2011:i:1:p:70-88
    as

    Download full text from publisher

    File URL: http://rjrs.ase.ro/wp-content/uploads/2017/03/V51/V515.Dragota.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Zizi Goschin & Daniela-L. Constantin & Monica Roman & Bogdan Ileanu, 2008. "The current state and dynamics of regional disparities in Romania," Romanian Journal of Regional Science, Romanian Regional Science Association, vol. 2(2), pages 80-105, 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. Dobrota Gabriela, 2015. "Analysis And Comparisons Of The Business Sector In Romania In Regional And National Level Under The Influence Of Macroeconomic Developments," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 95-100, December.
    2. Adriana DAVIDESCU & Vasile Alecsandru STRAT, 2014. "Coordinates of a New Romanian Regional Policy - Identifying the Development Poles. A Case Study," Informatica Economica, Academy of Economic Studies - Bucharest, Romania, vol. 18(2), pages 88-99.
    3. Strat Vasile Alecsandru & Stefan Cristian, 2017. "The growth poles and the lagging regions of Romania – a county level approach for 2015 –," Management & Marketing, Sciendo, vol. 12(3), pages 456-473, September.
    4. Ramona Pîrvu & Roxana Bădîrcea & Alina Manta & Mihaela Lupăncescu, 2018. "The Effects of the Cohesion Policy on the Sustainable Development of the Development Regions in Romania," Sustainability, MDPI, vol. 10(7), pages 1-21, July.
    5. Jean-Mari Hakizimana & Hermanus Geyer, 2014. "Socio-economic inequality in South Africa according to different disparity indices," ERSA conference papers ersa14p133, European Regional Science Association.
    6. Roman, Monica & Suciu, Christina, 2012. "Analiza eficienţei activităţii de cercetare dezvoltare inovare prin metoda DEA [The Efficency Analysis Of R&D Activities By Using Dea]," MPRA Paper 44000, University Library of Munich, Germany.
    7. Vasile Alecsandru STRAT, 2015. "How Much Is The It Field Enhancing The Economic Activity Of The Romanian Counties?," Journal of Social and Economic Statistics, Bucharest University of Economic Studies, vol. 4(2), pages 42-53, DECEMBER.
    8. Oțil Maria Daniela & Miculescu Andra & Cismaș Laura Mariana, 2015. "Disparities in Regional Economic Development in Romania," Scientific Annals of Economics and Business, Sciendo, vol. 62(s1), pages 37-51, October.
    9. Liliana-Olivia Lucaciu, 2019. "Reducing Regional Disparities: SME’s Support Funding Distribution and Effects in the Regions," Book chapters-LUMEN Proceedings, in: Camelia Ignatescu (ed.), 12th LUMEN International Scientific Conference Rethinking Social Action. Core Values in Practice | RSACVP 2019 | 15-17 May 2019 | Iasi – Romania, edition 1, volume 9, chapter 17, pages 180-196, Editura Lumen.
    10. Romeo-Victor Ionescu, 2016. "European Union of the Regional Disparities," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 12(6), pages 168-178, DECEMBER.
    11. Monica Roman, 2010. "Regional Efficiency Of The Knowledge Economy In The New Eu Countries: The Romanian And Bulgarian Case," Romanian Journal of Regional Science, Romanian Regional Science Association, vol. 4(1), pages 33-53, JUNE.
    12. Jaba, Elisabeta & Balan, Christiana & Roman, Mihai & Roman, Monica, 2010. "Statistical evaluation of spatial concentration of unemployment by gender," MPRA Paper 25161, University Library of Munich, Germany, revised May 2010.
    13. Zizi Goschin, 2018. "Variations Of Regional Inequalities In Romania In The Long Run," Management Strategies Journal, Constantin Brancoveanu University, vol. 42(4), pages 91-99.
    14. Zaman, Gheorghe & Georgescu, George & Goschin, Zizi & Antonescu, Daniela & Popa, Florina, 2015. "Dezvoltarea economica endogena la nivel regional. Cazul Romaniei [Endogenous economic development at regional level. The case of Romania]," MPRA Paper 70646, University Library of Munich, Germany.
    15. Strat Vasile Alecsandru & Ștefan Cristian, 2017. "Can the social market economy be a viable solution for a future sustainable development of the Romanian economy?: -Quantitative evidence-," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 11(1), pages 970-981, July.
    16. Tudor Ciumara & Iulia Lupu, 2016. "Features and Regional Disparities of Consultancy Services in Romania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 18(41), pages 1-25, February.
    17. Rotaru, Paul Costel, 2011. "Identificarea disparităților regionale privind ocuparea populatiei pe domenii de activitate în România în anul 2009," MPRA Paper 35628, University Library of Munich, Germany.
    18. Zizi goschin, 2014. "R&D As An Engine Of Regional Economic Growth In Romania," Romanian Journal of Regional Science, Romanian Regional Science Association, vol. 8(1), pages 24-37, JUNE.
    19. Cristina Lincaru & Vasilica Ciucã, 2011. "The Geographical Distribution Of Unemployment At Localities Desegregation Level.Case Study For South Muntenia Region - Romania," Romanian Journal of Regional Science, Romanian Regional Science Association, vol. 5(2), pages 76-91, DECEMBER.
    20. Elisabeta JABA & Alina Mariuca IONESCU & Corneliu IATU & Christiana Brigitte BALAN, 2009. "The Evaluation Of The Regional Profile Of The Economic Development In Romania," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 56, pages 537-549, November.

    More about this item

    Keywords

    life insurance; regional comparison; logit model; urban population; Romania;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics

    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:rrs:journl:v:5:y:2011:i:1:p:70-88. 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: Bogdan-Vasile Ileanu (email available below). General contact details of provider: .

    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.