Effects of social relations on family's participation in commercial insurance-based on the perspective of strong and weak relations

Social relations, as a form of informal insurance system, exert both a promotional and a substitution effect on household participation in commercial insurance market. This study, rooted in social relation theory, categorizes social relations into strong and weak relations. Through establishing a so...

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Bibliographic Details
Published in:Applied economics 2024-10, Vol.56 (50), p.6055-6069
Main Authors: Wang, Xiaoquan, Huang, Dandan, Feng, Xiqian, Yan, Yu
Format: Article
Language:English
Subjects:
commercial insurance participation
Cultural change
Dissemination
Economic analysis
Households
Information dissemination
Insurance
Interpersonal relations
Markets
networks
Participation
Reciprocity
Social networks
Social relations
strong relations
weak relations
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