| アイテムタイプ |
デフォルトアイテムタイプ（フル）その２(1) |
| 公開日 |
2018-11-07 |
| タイトル |
|
|
タイトル |
ASYMMETRIC INFORMATION IN LIFE INSURANCE: DIFFERENCE BETWEEN WHOLE LIFE AND TERM LIFE |
|
言語 |
en |
| 作成者 |
山本, 信一
米山, 高生
KWON, W. JEAN
|
| アクセス権 |
|
|
アクセス権 |
open access |
|
アクセス権URI |
http://purl.org/coar/access_right/c_abf2 |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
adverse selection |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
moral hazard |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
whole life insurance |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
term life insurance |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
automatic renewal clause of term life insurance |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
suicide clause |
| 内容記述 |
|
|
内容記述タイプ |
Abstract |
|
内容記述 |
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 more than 1.3 million insurance policies in Japan, we find evidence that the mortality of the insured at policy inception is lower than that of the general public; with the selection of the insured via medical examination, we did not find adverse selection in new whole life and term life insurance risks. In the case of automatic renewal of term life policies where insurance companies set the price using the same regulated mortality table as that of optional renewal term life policies, the effectiveness of medical selection attenuates after approximately five years of the policy life, and the costs from adverse selection and the moral hazard from suicide begin to occur around the fifth year. |
|
言語 |
en |
| 出版者 |
|
|
出版者 |
Hitotsubashi University |
| 日付 |
|
|
日付 |
2014-10 |
|
日付タイプ |
Issued |
| 言語 |
|
|
言語 |
eng |
| 資源タイプ |
|
|
資源タイプ識別子 |
http://purl.org/coar/resource_type/c_6501 |
|
資源タイプ |
departmental bulletin paper |
| 出版タイプ |
|
|
出版タイプ |
VoR |
|
出版タイプResource |
http://purl.org/coar/version/c_970fb48d4fbd8a85 |
| selfDOI |
|
|
ID登録 |
10.15057/26978 |
|
ID登録タイプ |
JaLC |
| 収録物識別子 |
|
|
収録物識別子タイプ |
ISSN |
|
収録物識別子 |
0018-2796 |
| 収録物識別子 |
|
|
収録物識別子タイプ |
NCID |
|
収録物識別子 |
AA00207536 |
| 収録物名 |
|
|
収録物名 |
Hitotsubashi journal of commerce and management |
| 巻 |
|
|
巻 |
48 |
| 号 |
|
|
号 |
1 |
| 開始ページ |
|
|
開始ページ |
99 |
| 終了ページ |
|
|
終了ページ |
117 |
HJcom0480100990.pdf (891236 bytes)
