Life Insurance and Suicide: A Test of the Existence of Asymmetric Information
2009/07/28
研討會日期 : 2009-07-28
時間 : 14:30
主講人 : 陳國樑助理教授
地點 : B110
演講者簡介 : 陳國樑教授為Ph.D. in Economics，John Hopkins University (2004)。現為政治大學財政系助理教授。其主要研究領域為應用個體經濟學、產業組織及財務經濟學。
演講摘要 : This paper investigates the nexus between life insurance and suicide behavior by applying semiparametric instrumental variable regressions to OECD cross country data from 1980 to 2002. The novelty of our analysis lies in the use of cross country variations in the lengths of the suicide exemption period in policies and foreign market shares in life insurance industries as identifying instruments for life insurance demand. We find that, for the majority of observations, there exists a positive causality from life insurance demand to suicide. This result suggests the existence of adverse selection and moral hazards in life insurance markets in OECD countries.
