The transformation of morals in markets: death, benefits, and the exchange of life insurance policies
This article adopts an institutional approach to describe the changing secondary market for life insurance in the United States. Since the 1990s, this market, in which investors buy strangers' life insurance policies, has grown in the face of considerable moral ambivalence. The author uses news...
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| Veröffentlicht in: | The American journal of sociology 2008-11, Vol.114 (3), p.738-780 |
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| container_title | The American journal of sociology |
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| creator | Quinn, Sarah |
| description | This article adopts an institutional approach to describe the changing secondary market for life insurance in the United States. Since the 1990s, this market, in which investors buy strangers' life insurance policies, has grown in the face of considerable moral ambivalence. The author uses news reports and interviews to identify and describe three conceptions of this market: sacred revulsion, consumerist consolation, and rationalized reconciliation. Differences among the conceptions are considered in view of the institutional legacy of life insurance and its success in organizing practices, perceptions, and understandings about markets and death. From this case, the author draws implications for analyses of morals in markets, an important and emergent topic within economic sociology. |
| doi_str_mv | 10.1086/592861 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0002-9602 |
| ispartof | The American journal of sociology, 2008-11, Vol.114 (3), p.738-780 |
| issn | 0002-9602 1537-5390 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_66716467 |
| source | MEDLINE; Worldwide Political Science Abstracts; Sociological Abstracts; Jstor Complete Legacy |
| subjects | Accelerated death benefits Attitude to Death Commerce - ethics Consumers Death Death benefits Economic sociology Ethics, Institutional History of medicine History of medicine and histology Humans Insurance Insurance Benefits - ethics Insurance policies Insurance, Life - economics Insurance, Life - ethics Life insurance Markets Morality Morals Social science research Sociological analysis Sociological theory U.S.A United States United States of America |
| title | The transformation of morals in markets: death, benefits, and the exchange of life insurance policies |
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