YAMAMOTO, SHINICHI; YONEYAMA, TAKAU; KWON, W. JEAN - In: Hitotsubashi Journal of commerce and management 48 (2014) 1, pp. 99-117
This paper provides empirical evidence consistent with the existence of adverse selection and moral hazard in the whole life and term life insurance market. We use life insurance companies' data to recognize adverse selection, moral hazard, and medical examination effects. Drawing on data from...