Can transparency increase adverse selection? Evidence from an electronic platform for annuities

C-Tier
Journal: Economics Letters
Year: 2023
Volume: 228
Issue: C

Authors (3)

Fajnzylber, Eduardo (not in RePEc) Gabrielli, M. Florencia (not in RePEc) Willington, Manuel (Universidad del Desarrollo)

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We show that the introduction of an electronic platform in the Chilean annuity market with the objectives of bringing transparency and enhancing competition also exacerbated adverse selection. The longevity gap between male annuitants and non-annuitants increased around 24 months.

Technical Details

RePEc Handle
repec:eee:ecolet:v:228:y:2023:i:c:s016517652300160x
Journal Field
General
Author Count
3
Added to Database
2026-01-29