Replication data for: Regulation, Capital, and the Evolution of Organizational Form in US Life Insurance
Principal Investigator(s): View help for Principal Investigator(s) George Zanjani
Version: View help for Version V1
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LICENSE.txt | text/plain | 14.6 KB | 12/07/2019 07:39:AM |
MS20040270-FE.log | text/plain | 2.1 KB | 12/07/2019 07:39:AM |
MS20040270-readme.pdf | application/pdf | 17 KB | 12/07/2019 07:39:AM |
MS20040270.log | text/plain | 25.7 KB | 12/07/2019 07:39:AM |
MS_20040270.dta | application/octet-stream | 237.3 KB | 12/07/2019 07:39:AM |
Raw_Law_Data.xls | application/vnd.ms-excel | 27 KB | 12/07/2019 07:39:AM |
Project Citation:
Zanjani, George. Replication data for: Regulation, Capital, and the Evolution of Organizational Form in US Life Insurance. Nashville, TN: American Economic Association [publisher], 2007. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116280V1
Project Description
Summary:
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This paper studies the association between regulation and the organizational form of new life insurers between 1900 and 1949. The mutual form was popular in states with low initial capital requirements for mutual companies and differentially higher requirements for stock companies, but was rarely used elsewhere. This suggests that entrepreneurs took a "path of least resistance" when choosing organizational form and that the mutual's disadvantage in raising capital contributed to its decline–a decline that accelerated as states raised requirements and eliminated the aforementioned differentials. Contrary to
previous analysis, the paper finds little evidence connecting other regulations to mutual decline. (JEL G21, L51, N21, N22)
Scope of Project
JEL Classification:
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G22 Insurance; Insurance Companies; Actuarial Studies
L51 Economics of Regulation
N21 Economic History: Financial Markets and Institutions: U.S.; Canada: Pre-1913
N22 Economic History: Financial Markets and Institutions: U.S.; Canada: 1913-
G22 Insurance; Insurance Companies; Actuarial Studies
L51 Economics of Regulation
N21 Economic History: Financial Markets and Institutions: U.S.; Canada: Pre-1913
N22 Economic History: Financial Markets and Institutions: U.S.; Canada: 1913-
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