International Adverse Selection in Life Insurance and Annuities

David McCarthy and Olivia Mitchell

No 9975, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper evaluates the extent of adverse selection in life insurance and annuities in international markets, for both group and individual products. We also compare results with prior analyses of adverse selection in international annuity markets, focusing on the US, the UK, and Japan. Our results help assess the extent to which life insurers can hedge mortality exposure by writing both life insurance and annuities, and they may be used to determine a normal range for adverse selection in international insurance markets.

JEL-codes: G2 J1 (search for similar items in EconPapers)
Date: 2003-09
New Economics Papers: this item is included in nep-hea and nep-ias
Note: AG
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Citations: View citations in EconPapers (29)

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