Dynamic inefficiencies in insurance markets: Evidence from long-term care insurance

American Economic Review

Volumn 95, Issue 2, 2005, Pages 224-228

  Finkelstein, Amy ^a   McGarry, Kathleen ^b   Sufi, Amir ^c  

^a HARVARD UNIVERSITY   (United States)

^b UNIVERSITY OF CALIFORNIA   (United States)

^c MASSACHUSETTS INSTITUTE OF TECHNOLOGY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

HEALTH INSURANCE; HUMAN; NURSING HOME; RISK; STATISTICS AND NUMERICAL DATA; UTILIZATION;

HUMANS; INSURANCE, LONG-TERM CARE; NURSING HOMES; RISK;

EID: 33747433800     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/000282805774669808     Document Type: Article

References (13)

1. Brown, Jeffrey and Finkelstein, Amy. "Supply or Demand: Why Is the Market for Long-Term Care Insurance So Small?" National Bureau of Economic Research-(Cambridge, MA) Working Paper No. 10782, December 2004.
2. Cochrane, John. "Time Consistent Health Insurance." Journal of Political Economy, 1995, 103(3), pp. 445-73.
3. Congressional Budget Office. Financing long-term care for the elderly. Washington, DC: U.S. Government Printing Office, April 2004.
4. Finkelstein, Amy and McGarry, Kathleen. "Private Information and Its Effect on Market Equilibrium: New Evidence from Long-Term Care Insurance." National Bureau of Economic Research (Cambridge, MA) Working Paper No. 9957, September 2003.
5. Finkelstein, Amy; McGarry, Kathleen and Sufi, Amir. "Dynamic Inefficiencies in Insurance Markets: Evidence from Long-Term Care Insurance." National Bureau of Economic Research (Cambridge, MA) Working Paper No. 11039, February 2005.
6. Health Insurance Association of America. Survey results: Why do policyholders terminate their long-term care insurance policies? Washington, DC: U.S. Government Printing Office, 1993.
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8. Hirshleifer, Jack. "The Private and Social Value of Information and the Reward to Inventive Activity." American Economic Review, 1971, 61(4), pp. 561-74.
9. Kaiser Family Foundation. Regulation of private long-term care insurance: Implementation experience and key issues. Washington, DC: Henry J. Kaiser Family Foundation, 2003.
10. Murtaugh, Christopher; Kemper, Peter and Spillman, Brenda. "Risky Business: Long-Term Care Insurance Underwriting." Inquiry, 1995, 32(3), pp. 371-84.
11. Pauly, Mark; Kunreuther, Howard and Hirth, Richard. "Guaranteed Renewability in Insurance." Journal of Risk and Uncertainty, 1995, 10(2), pp. 143-56.
12. Society of Actuaries. Long-Term Care Experience Committee intercompany study 1984-1999. Schaumburg, IL: Society of Actuaries, 2002. 〈http://www.soa.org/sections/intercompany_study.pdf〉
13. Weiss Rating Inc. Weiss Ratings' consumer guide to long-term care insurance. Palm Beach Gardens, FL: Weiss Rating, 2002.