| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w11039 |
| 来源ID | Working Paper 11039 |
| Dynamic Inefficiencies in Insurance Markets: Evidence from long-term care insurance | |
| Amy Finkelstein; Kathleen McGarry; Amir Sufi | |
| 发表日期 | 2005-01-17 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | We examine whether unregulated, private insurance markets efficiently provide insurance against reclassification risk (the risk of becoming a bad risk and facing higher premiums). To do so, we examine the ex-post risk type of individuals who drop their long-term care insurance contracts relative to those who are continually insured. Consistent with dynamic inefficiencies, we find that individuals who drop coverage are of lower risk ex-post than individuals who were otherwise-equivalent at the time of purchase but who do not drop out of their contracts. These findings suggest that dynamic market failures in private insurance markets can preclude the efficient provision of insurance against reclassification risk. |
| 主题 | Microeconomics ; Market Structure and Distribution ; Economics of Information ; Health, Education, and Welfare ; Health ; Financial Economics ; Financial Institutions ; Labor Economics ; Demography and Aging |
| URL | https://www.nber.org/papers/w11039 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/568674 |
| 推荐引用方式 GB/T 7714 | Amy Finkelstein,Kathleen McGarry,Amir Sufi. Dynamic Inefficiencies in Insurance Markets: Evidence from long-term care insurance. 2005. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w11039.pdf（263KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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