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@article{ART002410535},
author={OUH, CHANGSU and Nayeon Kwon},
title={A Study on the Determinants of the Surrender Behavior for Type 3 Insurance},
journal={Journal of Insurance and Finance},
issn={2384-3209},
year={2018},
volume={29},
number={4},
pages={35-61},
doi={10.23842/jif.2018.29.4.002}

TY - JOUR
AU - OUH, CHANGSU
AU - Nayeon Kwon
TI - A Study on the Determinants of the Surrender Behavior for Type 3 Insurance
JO - Journal of Insurance and Finance
PY - 2018
VL - 29
IS - 4
PB - Korea Insurance Research Institute
SP - 35
EP - 61
SN - 2384-3209
AB - The purpose of this study is to analyze empirically surrender behavior for Type 3 insurance contracts using the Korea Health Survey data. For the selection of research models that reflect the characteristics of the long-term panel data, we conducted a Housman test and determined the fixed-effect panel logistic model as a suitable model. The main results of this paper are as follows. The possibility of the surrender for Type 3 insurance (odds ratio) increases with more insurance contracts, more annual payment premium, those who are irregular workers and more hospitalization experience. But the possibility of the surrender for Type 3 insurance decreases in the case of higher personal medical expenditures, those who engage in wholesale and retail, lodging, and catering, those who engage in education services, and those who have a spouse and the heads of households.
KW - the Korea Health Panel;surrender;Type 3 insurance;fixed-effects panel logistic model
DO - 10.23842/jif.2018.29.4.002
ER -

OUH, CHANGSU and Nayeon Kwon. (2018). A Study on the Determinants of the Surrender Behavior for Type 3 Insurance. Journal of Insurance and Finance, 29(4), 35-61.

OUH, CHANGSU and Nayeon Kwon. 2018, "A Study on the Determinants of the Surrender Behavior for Type 3 Insurance", Journal of Insurance and Finance, vol.29, no.4 pp.35-61. Available from: doi:10.23842/jif.2018.29.4.002

OUH, CHANGSU, Nayeon Kwon "A Study on the Determinants of the Surrender Behavior for Type 3 Insurance" Journal of Insurance and Finance 29.4 pp.35-61 (2018) : 35.

OUH, CHANGSU, Nayeon Kwon. A Study on the Determinants of the Surrender Behavior for Type 3 Insurance. 2018; 29(4), 35-61. Available from: doi:10.23842/jif.2018.29.4.002

OUH, CHANGSU and Nayeon Kwon. "A Study on the Determinants of the Surrender Behavior for Type 3 Insurance" Journal of Insurance and Finance 29, no.4 (2018) : 35-61.doi: 10.23842/jif.2018.29.4.002

OUH, CHANGSU; Nayeon Kwon. A Study on the Determinants of the Surrender Behavior for Type 3 Insurance. Journal of Insurance and Finance, 29(4), 35-61. doi: 10.23842/jif.2018.29.4.002

OUH, CHANGSU; Nayeon Kwon. A Study on the Determinants of the Surrender Behavior for Type 3 Insurance. Journal of Insurance and Finance. 2018; 29(4) 35-61. doi: 10.23842/jif.2018.29.4.002

OUH, CHANGSU, Nayeon Kwon. A Study on the Determinants of the Surrender Behavior for Type 3 Insurance. 2018; 29(4), 35-61. Available from: doi:10.23842/jif.2018.29.4.002

OUH, CHANGSU and Nayeon Kwon. "A Study on the Determinants of the Surrender Behavior for Type 3 Insurance" Journal of Insurance and Finance 29, no.4 (2018) : 35-61.doi: 10.23842/jif.2018.29.4.002