Adverse selection in mutual benefit societies: an longitudinal approach

Adverse selection in mutual benefit societies : an longitudinal approach

Andersson, Lars Fredrik, Docent, 1974- (author): Umeå universitet,Enheten för demografi och åldrandeforskning (CEDAR),Enheten för ekonomisk historia

Liselotte, Eriksson, 1978- (author): Umeå universitet,Enheten för demografi och åldrandeforskning (CEDAR),Umeå centrum för genusstudier (UCGS)

Lilljegren, Josef, 1984- (author): Umeå universitet,Enheten för ekonomisk historia

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Abstract Subject headings

Mutual benefit societies evolved as the major provider for illness, accident and burialinsurance in the late 19 th and early 20 th century in the Western world. One of themajor problems facing the insurers was the risk for adverse selection; that unhealthyindividuals had more incentive then healthy to insure when priced for the averagerisk. By empirically examine if the longevity among insured in mutual benefit societieswas different from uninsured, we seek to identify the presence of adverse section. Wefind no compelling evidence that unhealthy individuals was more likely to insure, orreasons to believe that adverse selection was behind the decline of mutual benefitsocieties in the twentieth century.

By the author/editor: Andersson, Lars ...; Liselotte, Eriks ...; Lilljegren, Jose ...

About the subject

SOCIAL SCIENCES: SOCIAL SCIENCES; and Economics and Bu ...; and Economic History

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