Showing 1 - 2 of 2
We study adverse selection using data from an 1808 Act of British Parliament that effectively opened a market for life annuities. Our analysis indicates significant selection effects. The evidence for adverse selection is strongest for a sub-sample of annuitants whose annuities were purchased by...
Persistent link: https://www.econbiz.de/10005066521
Persistent link: https://www.econbiz.de/10005108817