THE ECONOMICS OF VIATICAL SETTLEMENTS

描述(改编自申请人的摘要)：一项实际和解是 出售人寿保险单，通常是为了立即向第三方出售 现金支付。这个市场出现在1989年，是为了应对艾滋病危机，但 从那时起，向老年人和其他绝症患者提供了多样化的服务。 尽管这个行业的重要性与日俱增，但还没有经济研究 搞定了。各州已经开始对市场进行监管，尽管几乎没有 经验性信息。缺乏学术关注的主要原因 缺乏数据-例如，既不是健康和退休(HRS) 也不包括最古老的老年人的资产和健康动态(AHEAD)调查包含 关于使用活体解决办法的问题。 这个项目的目的是调查农村地区的经济状况 使用具有全国代表性的艾滋病毒感染者样本的结算市场 成年人。本研究项目的具体目标如下： 1.对人口、经济和医疗因素进行实证调查 与取消死刑的决定有关。 2.比较各州虚拟结算市场的结果 不同的监管结构。 3.虚拟企业中存在逆向选择的模型和检验 结算市场。 4.建议将关于临时定居的问卷项目纳入《人权报告》 以及未来的调查。

DESCRIPTION (adapted from the applicant's abstract): A viatical settlement is the sale of a life insurance policy, typically to a third party, for immediate cash payment. The market emerged in 1989 in response to the AIDS crisis, but since then has diversified to the elderly and to other terminal ill patients. Despite the growing importance of this industry, no economic studies have been done. States have begun adopting regulation of the market despite little empirical information. The primary reason for the lack of scholarly attention is the absence of data - for example, neither the Health and Retirement (HRS) nor the Asset and Health Dynamics Among the Oldest Old (AHEAD) surveys contain questions regarding the use of viatical settlements. The purpose of this project is to investigate the economics of the viatical settlement market using a nationally representative sample of HIV infected adults. The specific aims of this research project are as follows: 1. Empirically investigate the demographic, economic, and medical factors correlated with the decision to viaticate. 2. Compare outcomes in the viatical settlements market across states with differing regulatory structures. 3. Model and test for the presence of adverse selection in the viatical settlements market. 4. Suggest questionnaire items on viatical settlements for inclusion in the HRS and AHEAD surveys.