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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w19629 |
来源ID | Working Paper 19629 |
Multiple Dimensions of Private Information in Life Insurance Markets | |
Xi Wu; Li Gan | |
发表日期 | 2013-11-14 |
出版年 | 2013 |
语种 | 英语 |
摘要 | Conventional theory for private information of adverse selection predicts a positive correlation between insurance coverage and ex post risk. This paper shows the opposite in the life insurance market despite the clear evidence of private information on mortality risk. The reason for this contradictory result is the existence of multiple dimensions of private information. The paper discusses how the private information on insurance preference offsets the effect of the private information on mortality risk. A mixture density model is applied to disentangle these two effects. |
主题 | Microeconomics ; Economics of Information ; Financial Economics ; Financial Institutions ; Health, Education, and Welfare ; Health |
URL | https://www.nber.org/papers/w19629 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577307 |
推荐引用方式 GB/T 7714 | Xi Wu,Li Gan. Multiple Dimensions of Private Information in Life Insurance Markets. 2013. |
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