Full Coverage for Minor, Recurrent Losses?

This note looks at insurance of minor, recurrent losses. The main concern is with efficiency properties of full coverage. As motivation and running example we concider a regime, currently operative in several European countries, that offers employees complete wage reimbursement during short spell sickness. Assembled here are some arguments speaking against this sort of insurance policy.

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Year of publication:	2002-04-09
Authors:	Flåm, Sjur Didrik
Institutions:	Institutt for Økonomi, Universitetet i Bergen
Subject:	risk sharing \| coinsurance \| deductible \| non-insurable risk \| Pareto efficiency \| mutual insurance \| arbitrage \| adverse selection \| moral hazard

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Extent:	application/pdf
Series:	Working Papers in Economics.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series Working Papers in Economics Number 10/02 11 pages
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; I28 - Government Policy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009003084