Insurance and income growth: The case of Sweden 1830-1950
In this paper we investigate supply and demand factors that have been put forward to explain the growth of insurance markets during the financial revolution. We conclude that income growth, urbanisation, changes in risk and price are not sufficient to explain Swedish insurance market growth prior to 1900. Instead, we argue that cultural factors, i.e. the dismantling of ideas and business cultures based on the estates of the realms was essential for explaining the growth of insurance markets foremost between 1855 and 1900.
Place, publisher, year, edition, pages
Umeå: Institutionen för ekonomisk historia, Umeå universitet.
Insurance history, insurance, the financial revolution, Swedish economic history, household budget survey, historical national accounts
IdentifiersURN: urn:nbn:se:umu:diva-19950OAI: oai:DiVA.org:umu-19950DiVA: diva2:207800