skip to content
Long-Term Care Insurance : Knowledge Barriers, Risk Perception and Adverse Selection Preview this item
ClosePreview this item
Checking...

Long-Term Care Insurance : Knowledge Barriers, Risk Perception and Adverse Selection

Author: Martin Boyer; Philippe de Donder; Claude Fluet
Publisher: Montreal, QC, CA: Center for Interuniversity Research and Analysis on Organizations, 2017.
Series: Scientific Series, desLibris., Documents collection., 2292-0838
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
We conduct a stated-choice experiment where respondents are asked to rate various insurance products aimed to protect against financial risks associated with long-term care needs. Using exogenous variation in prices from the survey design, and objective risks computed from a dynamic microsimulation model, these stated-choice probabilities are used to predict market equilibrium for long-term care insurance using the  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy online

Links to this item

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Genre/Form: Electronic books
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Martin Boyer; Philippe de Donder; Claude Fluet
OCLC Number: 1011154422
Notes: Issued as part of the desLibris documents collection.
Description: 1 online resource (60 pages).
Series Title: Scientific Series, desLibris., Documents collection., 2292-0838
Responsibility: Martin Boyer.
More information:

Abstract:

We conduct a stated-choice experiment where respondents are asked to rate various insurance products aimed to protect against financial risks associated with long-term care needs. Using exogenous variation in prices from the survey design, and objective risks computed from a dynamic microsimulation model, these stated-choice probabilities are used to predict market equilibrium for long-term care insurance using the framework developped by Einav et al. (2010). We investigate in turn causes for the low observed take-up of long-term care insurance in Canada despite substantial residual out-of-pocket financial risk. We first find that awareness and knowledge of the product is low in the population: 44% of respondents who do not have long-term care insurance were never offered this type of insurance while overall 31% report no knowledge of the product. Although we find evidence of adverse selection, results suggest it plays a minimal role in limiting take-up. On the demand side, once respondents have been made awa.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/1011154422> # Long-Term Care Insurance : Knowledge Barriers, Risk Perception and Adverse Selection
    a schema:Book, schema:CreativeWork, schema:MediaObject ;
    library:oclcnum "1011154422" ;
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/quc> ;
    schema:about <http://experiment.worldcat.org/entity/work/data/4540320735#Topic/correlation_and_dependence> ; # Correlation and dependence
    schema:about <http://experiment.worldcat.org/entity/work/data/4540320735#Topic/demand> ; # Demand
    schema:about <http://experiment.worldcat.org/entity/work/data/4540320735#Topic/insurance> ; # Insurance
    schema:about <http://experiment.worldcat.org/entity/work/data/4540320735#Topic/adverse_selection> ; # Adverse selection
    schema:about <http://experiment.worldcat.org/entity/work/data/4540320735#Topic/life_insurance> ; # Life insurance
    schema:about <http://experiment.worldcat.org/entity/work/data/4540320735#Topic/economic_equilibrium> ; # Economic equilibrium
    schema:about <http://experiment.worldcat.org/entity/work/data/4540320735#Topic/actuarial_science> ; # Actuarial science
    schema:about <http://experiment.worldcat.org/entity/work/data/4540320735#Topic/disability> ; # Disability
    schema:about <http://experiment.worldcat.org/entity/work/data/4540320735#Topic/economy> ; # Economy
    schema:about <http://experiment.worldcat.org/entity/work/data/4540320735#Topic/long_term_care> ; # Long-term care
    schema:bookFormat schema:EBook ;
    schema:contributor <http://experiment.worldcat.org/entity/work/data/4540320735#Person/fluet_claude> ; # Claude Fluet
    schema:contributor <http://experiment.worldcat.org/entity/work/data/4540320735#Person/boyer_martin> ; # Martin Boyer
    schema:contributor <http://experiment.worldcat.org/entity/work/data/4540320735#Person/donder_philippe_de> ; # Philippe de Donder
    schema:datePublished "2017" ;
    schema:description "We conduct a stated-choice experiment where respondents are asked to rate various insurance products aimed to protect against financial risks associated with long-term care needs. Using exogenous variation in prices from the survey design, and objective risks computed from a dynamic microsimulation model, these stated-choice probabilities are used to predict market equilibrium for long-term care insurance using the framework developped by Einav et al. (2010). We investigate in turn causes for the low observed take-up of long-term care insurance in Canada despite substantial residual out-of-pocket financial risk. We first find that awareness and knowledge of the product is low in the population: 44% of respondents who do not have long-term care insurance were never offered this type of insurance while overall 31% report no knowledge of the product. Although we find evidence of adverse selection, results suggest it plays a minimal role in limiting take-up. On the demand side, once respondents have been made awa."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/4540320735> ;
    schema:genre "Electronic books"@en ;
    schema:inLanguage "en" ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/4540320735#Series/scientific_series> ; # Scientific Series
    schema:name "Long-Term Care Insurance : Knowledge Barriers, Risk Perception and Adverse Selection"@en ;
    schema:productID "1011154422" ;
    schema:url <https://login.ezproxy.cbu.ca/login?url=http://www.deslibris.ca/ID/10093415> ;
    schema:url <https://ezproxy.library.dal.ca/login?url=http://www.deslibris.ca/ID/10093415> ;
    schema:url <http://libproxy.stfx.ca/login?url=http://www.deslibris.ca/ID/10093415> ;
    schema:url <https://library.smu.ca/login?url=http://www.deslibris.ca/ID/10093415> ;
    schema:url <http://dproxy.library.dc-uoit.ca/login?url=http://www.deslibris.ca/ID/10093415> ;
    schema:url <http://www.deslibris.ca/ID/10093415> ;
    schema:url <http://www.cirano.qc.ca/files/publications/2017s-17.pdf> ;
    schema:url <http://books.scholarsportal.info/en/read?id=/ebooks/ebooks4/cpdc4/2018-12-11/4/10093415> ;
    schema:url <https://login.library.sheridanc.on.ca/login?url=https://www.deslibris.ca/ID/10093415> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/1011154422> ;
    .


Related Entities

<http://dproxy.library.dc-uoit.ca/login?url=http://www.deslibris.ca/ID/10093415>
    rdfs:comment "eBook available for Durham College via DesLibris. Click link to access" ;
    .

<http://experiment.worldcat.org/entity/work/data/4540320735#Person/boyer_martin> # Martin Boyer
    a schema:Person ;
    schema:familyName "Boyer" ;
    schema:givenName "Martin" ;
    schema:name "Martin Boyer" ;
    .

<http://experiment.worldcat.org/entity/work/data/4540320735#Person/donder_philippe_de> # Philippe de Donder
    a schema:Person ;
    schema:familyName "Donder" ;
    schema:givenName "Philippe de" ;
    schema:name "Philippe de Donder" ;
    .

<http://experiment.worldcat.org/entity/work/data/4540320735#Person/fluet_claude> # Claude Fluet
    a schema:Person ;
    schema:familyName "Fluet" ;
    schema:givenName "Claude" ;
    schema:name "Claude Fluet" ;
    .

<http://experiment.worldcat.org/entity/work/data/4540320735#Series/scientific_series> # Scientific Series
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/1011154422> ; # Long-Term Care Insurance : Knowledge Barriers, Risk Perception and Adverse Selection
    schema:name "Scientific Series" ;
    schema:name "Scientific Series;" ;
    .

<http://experiment.worldcat.org/entity/work/data/4540320735#Topic/actuarial_science> # Actuarial science
    a schema:Intangible ;
    schema:name "Actuarial science"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/4540320735#Topic/adverse_selection> # Adverse selection
    a schema:Intangible ;
    schema:name "Adverse selection"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/4540320735#Topic/correlation_and_dependence> # Correlation and dependence
    a schema:Intangible ;
    schema:name "Correlation and dependence"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/4540320735#Topic/economic_equilibrium> # Economic equilibrium
    a schema:Intangible ;
    schema:name "Economic equilibrium"@en ;
    .

<http://libproxy.stfx.ca/login?url=http://www.deslibris.ca/ID/10093415>
    rdfs:comment "Access restricted: STFX users only" ;
    .

<http://www.cirano.qc.ca/files/publications/2017s-17.pdf>
    rdfs:comment "Document originally acquired from" ;
    .

<http://www.deslibris.ca/ID/10093415>
    rdfs:comment "For Subscription see www.canadianelectroniclibrary.ca" ;
    .

<http://www.worldcat.org/title/-/oclc/1011154422>
    a genont:InformationResource, genont:ContentTypeGenericResource ;
    schema:about <http://www.worldcat.org/oclc/1011154422> ; # Long-Term Care Insurance : Knowledge Barriers, Risk Perception and Adverse Selection
    schema:dateModified "2019-05-11" ;
    void:inDataset <http://purl.oclc.org/dataset/WorldCat> ;
    .

<https://library.smu.ca/login?url=http://www.deslibris.ca/ID/10093415>
    rdfs:comment "Access restricted: SMU users only" ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.