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Is There Adverse Selection In The Life Insurance Market? Evidence From A Representative Sample Of Purchasers, Timothy Harris, Aaron Yelowitz
Is There Adverse Selection In The Life Insurance Market? Evidence From A Representative Sample Of Purchasers, Timothy Harris, Aaron Yelowitz
Aaron Yelowitz
This paper examines issues related to asymmetric information in the life insurance market using data that links life insurance holdings with death records for a representative sample of purchasers. Unlike earlier work that found mixed results using a narrow age cohort, this analysis finds no compelling evidence for adverse selection in a broad age cohort.