G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w19629
来源IDWorking 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
URLhttps://www.nber.org/papers/w19629
来源智库National Bureau of Economic Research (United States)
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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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