| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26103 |
| 来源ID | Working Paper 26103 |
| The Demand for Insurance and Rationale for a Mandate: Evidence from Workers\u2019 Compensation Insurance | |
| Marika Cabral; Can Cui; Michael Dworsky | |
| 发表日期 | 2019-07-29 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | This paper analyzes the demand for insurance and the potential rationale for coverage mandates in the context of workers’ compensation insurance. Workers’ compensation is a state-regulated insurance program that provides employers with liability protection and employees with defined income and medical benefits in the event of work-related injuries or illnesses. Nearly all states have mandated workers’ compensation insurance coverage; the sole exception is Texas. Using administrative data from the unique voluntary Texas workers’ compensation insurance system, we estimate the demand for workers’ compensation insurance leveraging idiosyncratic regulatory updates to relative premiums across industry-occupation classifications. The difference-in-differences estimates indicate that the demand for workers’ compensation coverage is price-sensitive, with a 1% increase in premiums leading to approximately a 0.3% decline in coverage. Drawing upon these estimates and additional data on costs, we analyze potential justifications for government intervention to increase coverage through subsidies or a mandate. This analysis suggests that some common market failure justifications for government intervention in insurance markets—adverse selection, market power, and externalities—may not be compelling justifications for a mandate in this setting. |
| 主题 | Public Economics ; Health, Education, and Welfare ; Health ; Labor Economics ; Labor Compensation |
| URL | https://www.nber.org/papers/w26103 |
| 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/583776 |
| 推荐引用方式 GB/T 7714 | Marika Cabral,Can Cui,Michael Dworsky. The Demand for Insurance and Rationale for a Mandate: Evidence from Workers\u2019 Compensation Insurance. 2019. |
| 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 | ||
| w26103.pdf（5754KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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