Búsqueda

Lemons or cherries? asymmetric information in the German private long-term care insurance market

Recurso electrónico / electronic resource
Registro MARC
Tag12Valor
LDR  00000cab a2200000 4500
001  MAP20140042074
003  MAP
005  20141118120901.0
008  141114e20141006esp|||p |0|||b|spa d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎1
100  ‎$0‎MAPA20080648725‎$a‎Browne, Mark J.
24510‎$a‎Lemons or cherries? asymmetric information in the German private long-term care insurance market‎$c‎Mark J. Browne, Tian Zhou-Richter
520  ‎$a‎This study provides evidence of the presence of asymmetric information in the German long-term care (LTC) insurance market. While certain private informationindividuals¿ pessimism level and preference for insurancecontributes to advantageous selection, the major source of adverse selectionindividuals¿ self-assessed high LTC riskswitches the final correlation between insurance and risk to one that is significantly positive. In addition, the study reveals that although individuals¿ self-assessment of poor health predicts their future care needs very well, such assessments are not necessarily reflected in insurance demand. The results from this study could assist insurers in better understanding and managing LTC risk.
7730 ‎$w‎MAP20077100215‎$t‎Geneva papers on risk and insurance : issues and practice‎$d‎Geneva : The Geneva Association, 1976-‎$x‎1018-5895‎$g‎06/10/2014 Volumen 39 Número 4 - octubre 2014