Social Security retirement benefits can be claimed at any age between 62 and 70, with delayed claiming resulting in … and Retirement study, we show that individuals who turned 62 after 2000 are indeed more likely to delay than those who …

asymmetric information in insurance markets. We find no evidence of mortality differences, however, across annuities of different …-selection patterns we find in mortality rates. Our results therefore suggest that many specific features of insurance contracts can serve …This paper presents new evidence on the importance of adverse selection in insurance markets. We use a unique data set …

This paper evaluates the extent of adverse selection in life insurance and annuities in international markets, for both … 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 …

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. The paper discusses how the private information on insurance preference offsets the effect of the private information …

firms can deny valid claims. In this environment, trust and honesty are critical factors that shape insurance contracts and … insurance contracts, and show how they depend on the quality of the legal system and the level of trust. We then investigate the …We assemble and analyze a new data set of homeowner insurance claims from 28 independently operated country …

This paper analyzes dynamic equilibrium risk sharing contracts between profit-maximizing intermediaries and a large … autarky, but also partial and full insurance can obtain, depending on the relative patience of agents and financial … intermediaries. Insurance can be provided because in an equilibrium contract an up-front payment effectively locks in the agent with …

The U.S. economy has recently experienced two, seemingly unrelated, phenomena: a large increase in post-retirement life … rely on financial intermediaries to save for post-retirement consumption. When expecting to live longer, they rely more …