Publication: Can transparency increase adverse selection? Evidence from an electronic platform for annuities
Date
2023
Journal Title
Journal ISSN
Volume Title
Publisher
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
Description
Keywords
Adverse selection, Annuities, Market transparency, Chilean pension system
Citation
Eduardo Fajnzylber, M. Florencia Gabrielli, Manuel Willington, Can transparency increase adverse selection? Evidence from an electronic platform for annuities, Economics Letters, Volume 228, 2023, 111135, https://doi.org/10.1016/j.econlet.2023.111135