Centro de Documentación de Fundación MAPFRE

MAP20190012447

Moral hazard and long-term care insurance / R. Tamara Konetzka...[et.al]

Sumario: In private long-term care insurance markets, moral hazard is central to pricing and long-run robustness of the market, yet there is remarkably little evidence on the extent to which moral hazard is present in long-term care insurance. We use Health and Retirement Study data from 1996 to 2014 to assess moral hazard in nursing home and home care use in private long-term care insurance, employing a combination of propensity score matching and instrumental variables approaches. We find evidence of significant moral hazard in home care use and a potentially meaningful but noisy effect on nursing home use. Policymakers designing incentives to promote private long-term care insurance should consider the consequences of moral hazard.

En: Geneva papers on risk and insurance : issues and practice. - Geneva : The Geneva Association, 1976- = ISSN 1018-5895. - 01/04/2019 Volumen 44 Número 2 - abril 2019 , p. 231-251

1. Seguro de dependencia . 2. Productos de seguros . 3. Evaluación de riesgos . 4. Riesgo moral . I. Konetzka, R. Tamara .