TY  - JOUR
AU  - McCarthy,David
AU  - Mitchell,Olivia S.
TI  - International Adverse Selection in Life Insurance and Annuities
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 9975
PY  - 2003
Y2  - September 2003
UR  - http://www.nber.org/papers/w9975
L1  - http://www.nber.org/papers/w9975.pdf
N1  - Author contact info:
David McCarthy
E-Mail: dg.mccarthy@ic.ac.uk

Olivia S. Mitchell
University of Pennsylvania
Wharton School
3620 Locust Walk, St 3000 SH-DH
Philadelphia, PA 19104-6302
Tel: 215-898-0424
Fax: 215/898-0310
E-Mail: mitchelo@wharton.upenn.edu
AB  - This paper evaluates the extent of adverse selection in life insurance and annuities in international markets, for both group and individual products. We also compare results with prior analyses of adverse selection in international annuity markets, focusing on the US, the UK, and Japan. Our results help assess the extent to which life insurers can hedge mortality 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.
ER  -