This paper examines the relationship between mergers and acquisitions, efficiency, and scale economies in the US life insurance industry. We estimate cost and revenue efficiency over the period 1988-1995 using data envelopment analysis (DEA). The Malmquist methodology is used to measure changes...

This paper investigates the effects of labor market discrimination on the self employment returns of those discriminated against. It demonstrates that, in situations of imperfect information, labor market discrimination can "spill over" into markets relevant to self employment, creating...

type="main" xml:lang="en" <title type="main">Abstract</title> <p>Economic reasoning predicts that policyholders in states that treat for insurer bad faith in settling claims as a tort should receive higher payments from insurers because of the greater potential damages insurers face in claims disputed in court. We test this...</p>

China's private insurance market has been developing rapidly since the 1980s. Regulation of the market has developed in tandem with its growth. This article provides a systematic overview of China's insurance regulatory system and the evolving process of insurance supervision and regulation. The...

This study uses data from a unique survey of the retirement planning behaviors of late middle-aged individuals living in New York State, to test hypotheses regarding the role of earlier life experiences on the demand for long-term care insurance. Our primary focus is on previous provision of...

Since its inception in mid-1800s, insurance regulation in the U.S. has continued to evolve in response to changing circumstances and the opportunity to take advantage of new methods and technologies. Important developments in insurance regulatory policies and practices at an international level,...

This Policy Brief identifies ten flaws in the Affordable Care Act (ACA) and proposes a series of remedies based on repeal and/or alteration of the legislation as it exists. This paper tackles perceived flaws in 1) individual and employer mandates; 2) ACA subsidies; 3) incentives that steer...