Why Do Life Insurance Policyholders Lapse? The Roles of Income, Health and Bequest Motive Shocks
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https://www.nber.org/papers/w17899
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Previous research has shown that the reasons for lapsation have important implications regarding the effects of the emerging life settlement market on consumer welfare. We present and empirically implement a dynamic discrete choice model of life insurance decisions to assess the importance of
提供机构:
美国国家经济研究局
创建时间:
2012-03-01



