THE ECONOMICS OF VIATICAL SETTLEMENTS

描述（改编自申请人的摘要）：一个签证解决是 人寿保险单的销售，通常是向第三方，以立即 现金支付。该市场于1989年出现，以应对艾滋病危机，但 其后，服务对象已扩展至长者及其他末期病人。 尽管这个行业的重要性越来越大，但没有经济研究。 完了各州已开始对市场进行监管， 经验信息缺乏学术关注的主要原因 缺乏数据-例如，健康和退休（HRS） 也没有资产和健康动态之间的最古老的老人（AHEAD）调查包含 关于使用签证定居点的问题。 这个项目的目的是调查签证的经济性 使用全国代表性的艾滋病毒感染者样本结算市场 成年人了该研究项目的具体目标如下： 1.对人口统计学、经济学和医学因素进行实证研究 与移民的决定有关。 2.比较各州的签证结算市场的结果， 不同的监管结构。 3.竞争中存在逆向选择的模型与检验 定居点市场。 4.建议将关于签证结算的调查问卷项目纳入HRS #36825;前的调查。

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.