Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 1997-12-18
Number: 97-131/4
Author-Name: Jaap Spreeuw
Author-Name: Henk Wolthuis
Author-Workplace-Name: University of Amsterdam
Title: Unobserved Heterogeneity; Process and Parameter Effects in Life Insurance
Abstract: In this paper life insurance contracts based on an urn-of-urns model, with age-at-death asobservable variable, are analyzed. Premium payment functions based on the principles of“equivalence on an individual level” and “equivalence on a group level” are compared. Boththe aggregate loss and its second moment for an individual contract are split in severalcomponents. Life insurance contracts are compared with non-life insurance contracts, alsowith respect to solidarity.
File-Url: https://papers.tinbergen.nl/97131.pdf
File-Format: application/pdf
File-Size: 97837 bytes
Handle: RePEc:tin:wpaper:19970131