Can Health State-Contingent Assets Enable Greater Survival Rates?

Survival probability over time is higher for individuals with life-settlement access than for those without.

Kunal Sachdeva

Working paper, 2020

Survival probability over time is higher for individuals with life-settlement access than for those without.

Using the life settlement market as a natural experiment, I find that access to wealth in poor health states increases survival rates, with effects particularly pronounced for fragile individuals living far from hospitals.

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