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Adverse Selection in the Group Life Insurance Market
Harris, Timothy F.; Yelowitz, Aaron; Talbert, Jeffery; … - 2022
The employer-sponsored life insurance (ESLI) market is particularly susceptible to adverse selection due to community-rated premiums, guaranteed issue coverage, and the existence of a well-functioning individual market as a substitute. Using administrative payroll and healthcare claims data from...
Persistent link: https://www.econbiz.de/10013406459
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Negative Externalities and Equilibrium Existence in Competitive Markets with Adverse Selection
von Siemens, Ferdinand - 2009
on existing theories of competition in markets with adverse selection …
Persistent link: https://www.econbiz.de/10012763924
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Disclosure, Trust and Persuasion in Insurance Markets
de Meza, David - 2010
This high-stakes experiment investigates the effect on buyers of mandatory disclosures concerning an insurance policy's value for money (the claims ratio) and the seller's commission. These information disclosures have virtually no effect despite most buyers claiming to value such information....
Persistent link: https://www.econbiz.de/10013139875
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Social Insurance with Competitive Insurance Markets and Risk Misperception
Cremer, Helmuth - 2016
This paper considers an economy where individuals differ in productivity and in risk. Rochet (1991) has shown that when private insurance markets offer full coverage at fair rates, social insurance is desirable if and only if risk and productivity are negatively correlated. This condition is...
Persistent link: https://www.econbiz.de/10013001310
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Wage Dispersion and Labor Turnover with Adverse Selection
Carrillo-Tudela, Carlos - 2011
We consider a model of on-the-job search where firms offer long-term wage contracts to workers of different ability. Firms do not observe worker ability upon hiring but learn it gradually over time. With sufficiently strong information frictions, low-wage firms offer separating contracts and...
Persistent link: https://www.econbiz.de/10013120832
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Bonus Culture : Competitive Pay, Screening, and Multitasking
Bénabou, Roland - 2013
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of … compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most … perfect competition, the resulting efficiency loss can be much larger than that imposed by a single firm or principal, who …
Persistent link: https://www.econbiz.de/10013083378
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Self‐Selection of Emigrants : Theory and Evidence on Stochastic Dominance in Observable and Unobservable Characteristics
Borjas, George J. - 2015
We show that the Roy model has more precise predictions about the self‐selection of migrants than previously realized. The same conditions that have been shown to result in positive or negative selection in terms of expected earnings also imply a stochastic dominance relationship between the...
Persistent link: https://www.econbiz.de/10013012835
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Optimal Wage Redistribution in the Presence of Adverse Selection in the Labor Market
Bastani, Spencer - 2015
In this paper we allude to a novel role played by the non-linear income tax system in the presence of adverse selection in the labor market due to asymmetric information between workers and firms. We show that an appropriate choice of the tax schedule enables the government to affect the wage...
Persistent link: https://www.econbiz.de/10013016339
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Physician Payment Contracts in the Presence of Moral Hazard and Adverse Selection : The Theory and its Application to Ontario
Kantarevic, Jasmin - 2015
We develop a stylized principal-agent model with moral hazard and adverse selection to provide a unified framework for understanding some of the most salient features of the recent physician payment reform in Ontario and its impact on physician behavior. These features include: (1) physicians...
Persistent link: https://www.econbiz.de/10013016351
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The Distribution of Earnings Under Monopsonistic/Polistic Competition
Thisse, Jacques-François - 2010
, firms are price-makers and wage-setters. Our setting combines monopolistic and monopsonistic competition, thus encapsulating …
Persistent link: https://www.econbiz.de/10013139040