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What is Culture about?
This paper examines the influence of cultural factors on non-life insurance expenditure across 27 middle-income and 40 high-income countries from 1980 to 2014. It finds that cultural dimensions such as masculinity, uncertainty avoidance, and power distance significantly affect spending in middle-income countries, while only masculinity impacts high-income countries. The study highlights the importance of cultural factors alongside traditional economic determinants in understanding non-life insurance demand,
- Author
- tctam
- Language
- EN