eprintid: 32900
rev_number: 36
eprint_status: archive
userid: 1482
importid: 105
dir: disk0/00/03/29/00
datestamp: 2019-11-13 10:41:21
lastmod: 2023-03-06 14:33:26
status_changed: 2023-03-06 14:33:26
type: article
succeeds: 32728
metadata_visibility: show
creators_name: Boyer, Martin
creators_name: De Donder, Philippe
creators_name: Fluet, Claude-Denys
creators_name: Leroux, Marie-Louise
creators_name: Michaud, Pierre-Carl
creators_id: Philippe.Dedonder@ut-capitole.fr
creators_idrefppn: 221349316
creators_idrefppn: 199756120
creators_idrefppn: 031883362
creators_idrefppn: 242861091
creators_affiliation: Toulouse School of Economics
creators_halaffid: 1002422 ; 441569
title: Long-term care insurance : information frictions and selection
ispublished: pub
subjects: subjects_ECO
abstract: This paper conducts a stated-choice experiment where respondents are asked to rate various insurance products aimed to protect against nancial risks associated with long-term care needs. Using exogenous variation in prices from the survey design and individual cost estimates, these stated-choice probabilities are used to predict market equilibrium for long-term care insurance. Our results are twofold. First, information frictions are pervasive. Second, measuring the welfare losses associated with frictions in a framework that also allows for selection, it is found that information frictions reduce equilibrium take-up and lead to large welfare losses while selection plays little role.
date: 2020-08
date_type: published
publisher: American Economic Association
id_number: 10.1257/pol.20180227
official_url: https://www.tse-fr.eu/sites/default/files/TSE/documents/doc/wp/2019/wp_tse_1034.pdf
faculty: tse
divisions: tse
keywords: Long-term care insurance,adverse selection , stated-preference, health, insurance
language: en
has_fulltext: TRUE
doi: 10.1257/pol.20180227
view_date_year: 2020
full_text_status: public
publication: American Economic Journal: Economic Policy
volume: vol. 12
number: n° 3
pagerange: 134-169
refereed: TRUE
issn: 1945-7731
oai_identifier: oai:tse-fr.eu:123683
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hal_id: hal-02929780
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hal_url: https://hal.archives-ouvertes.fr/hal-02929780
citation:   Boyer, Martin <https://www.idref.fr/221349316>, De Donder, Philippe <https://www.idref.fr/199756120>, Fluet, Claude-Denys <https://www.idref.fr/031883362>, Leroux, Marie-Louise <https://www.idref.fr/242861091> and Michaud, Pierre-Carl  (2020) Long-term care insurance : information frictions and selection.    American Economic Journal: Economic Policy, vol. 12 (n° 3).  pp. 134-169.       
document_url: https://publications.ut-capitole.fr/id/eprint/32900/1/wp_tse_1034.pdf