{"id":5947,"date":"2023-03-03T15:59:41","date_gmt":"2023-03-03T15:59:41","guid":{"rendered":"https:\/\/aaep.org.ar\/?p=5947"},"modified":"2023-03-03T15:59:44","modified_gmt":"2023-03-03T15:59:44","slug":"transparency-and-adverse-selection-evidence-from-an-electronic-platform-for-annuities","status":"publish","type":"post","link":"https:\/\/aaep.org.ar\/?p=5947","title":{"rendered":"Transparency and Adverse Selection: Evidence from an Electronic Platform for Annuities"},"content":{"rendered":"<iframe loading=\"lazy\" class=\"wonderplugin-pdf-iframe\" src=\"https:\/\/aaep.org.ar\/wp-content\/plugins\/wonderplugin-pdf-embed\/pdfjslight\/web\/viewer.html?v=2&file=https:\/\/aaep.org.ar\/works\/works2022\/21.pdf\" width=\"100%\" height=\"600px\" style=\"border:0;\"><\/iframe>\n","protected":false},"excerpt":{"rendered":"<p>In this letter we show evidence that the introduction of an electronic platform in the Chilean annuity market in 2004 exacerbated adverse selection. Male annuitants who retired after 2004 live around two years longer than non-annuitants, while before the difference was smaller or non statistically significant. Moreover, post 2004 the fraction of annuitants decreased despite the fact that the deals offered by insurance companies improved. These two facts are consistent with the electronic platform bringing transparency, competition, and reducing the scope for sales agents to affect retirees&#8217; choices.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[29],"tags":[30],"class_list":["post-5947","post","type-post","status-publish","format-standard","hentry","category-anales","tag-aaep-anales-2022"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Transparency and Adverse Selection: Evidence from an Electronic Platform for Annuities - Asociaci\u00f3n Argentina de Econom\u00eda Pol\u00edtica<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transparency and Adverse Selection: Evidence from an Electronic Platform for Annuities - Asociaci\u00f3n Argentina de Econom\u00eda Pol\u00edtica\" \/>\n<meta property=\"og:description\" content=\"In this letter we show evidence that the introduction of an electronic platform in the Chilean annuity market in 2004 exacerbated adverse selection. 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