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Empirical Analyses of Selection and Welfare in Insurance Markets: A Self-Indulgent Survey

Liran Einav and Amy Finkelstein

No 31146, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This review article, which was solicited by the Geneva Risk and Insurance Review, surveys work that has been done using an empirical framework for analyzing selection in insurance markets developed by Einav, Finkelstein, and Cullen (2010). We briefly review that framework, and then describe a number of empirical applications that researchers have undertaken across an array of settings in both insurance and credit markets. We also discuss some of the useful extensions to the original framework that others have made and applied. The review is intended to be useful for scholars who may want to apply the framework in their own work on insurance, credit, or other selection markets.

JEL-codes: D60 D82 (search for similar items in EconPapers)
Date: 2023-04
Note: AG CF EH IO PE
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Published as Liran Einav & Amy Finkelstein, 2023. "Empirical analyses of selection and welfare in insurance markets: a self-indulgent survey," The Geneva Risk and Insurance Review, vol 48(2), pages 167-191.

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