ABSTRACT
This book presents findings in four interrelated areas: the socio-economic functioning and security of households, assistance-based support models, actuarial modelling, and practical insurance applications. The results contribute meaningfully to academic discussions on unpaid domestic labour, highlighting its economic importance and policy relevance. The implications extend to social and family policy, legal frameworks, and jurisprudence. Additionally, the authors propose a novel probabilistic approach to modelling insurance contracts, providing a new perspective on addressing household risks.
The research advances traditional understandings of insurance design by incorporating the often-overlooked value of unpaid care work and its role in household functioning. It underlines the importance of acknowledging household dynamics when discussing economic risk, dependencies, and long-term care needs.
The authors recognise several limitations in their study. The most significant of these are the absence of current, comprehensive data and the inconsistencies in how household structures and informal work are defined and measured across different countries. These challenges point to the need for more inclusive and representative data, as well as improved analytical tools, to accurately capture the full extent of informal economic contributions within households.
