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Guaranteed renewable life insurance under demand uncertainty
Hoy, Michael; Mirza, Afrasiab; Sadanand, Asha B. - 2018
unpredictable (and unobservable) fluctuations in demand for life insurance as well as changes in risk type (observable) over … individuals' lifetimes. The presence of demand type heterogeneity leads to the possibility that optimal GR contracts may have a … whose type turns out to be high risk but low demand renew more of their GR insurance than is efficient due to the attractive …
Persistent link: https://www.econbiz.de/10011864322
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Long term care insurance with state-dependent preferences
De Donder, Philippe; Leroux, Marie-Louise - 2019
We study the demand for actuarially fair Long Term Care (LTC hereafter) insurance in a setting where autonomous agents …
Persistent link: https://www.econbiz.de/10012156711
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Long-term care policy, myopia and redistribution
Cremer, Helmuth; Roeder, Kerstin - 2012
subsidy on private LTC insurance. Interestingly, savings (which goes untaxed in the first-best but plays the role of self …
Persistent link: https://www.econbiz.de/10009570729
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Genetic testing when there is a mix of compulsory and voluntary health insurance
Hoel, Michael; Iversen, Tor - 2001
Genetic insurance can deal with the negative effects of genetic testing on insurance coverage and income distribution when the insurer has access to information about test status. Hence, efficient testing is promoted. When information about prevention and test status is private, two types of...
Persistent link: https://www.econbiz.de/10011398910
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Earmarking and the political support of fat taxes
Cremer, Helmuth; Goulão, Catarina; Roeder, Kerstin - 2015 - Rev. August 2015
subsidy on the healthy good. This earmarking rule is determined at a constitutional stage to maximize utilitarian or Rawlsian … fat tax. Instead, it may involve a tradeoff between the fat tax and the healthy good subsidy. …
Persistent link: https://www.econbiz.de/10011343082
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Optimum and risk-class pricing of annuities
Sheshinski, Eytan - 2003
When information on longevity (survival functions) is unknown early in life, individuals have an interest to insure themselves against future "risk-class" classification. Accordingly, the First-Best typically involves transfers across states of nature. Competitive equilibrium cannot provide such...
Persistent link: https://www.econbiz.de/10011506208
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Note on the optimum pricing of annuities
Sheshinski, Eytan - 2003
In a perfectly competitive market for annuities with full information, the price of annuities is equal to individuals (discounted) survival probabilities. That is, prices are actuarially fair. In contrast, the pricing implicit in social security systems invariably allows for cross subsidization...
Persistent link: https://www.econbiz.de/10011506431
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Property insurance, portfolio selection and their interdependence
Chang, Fwu-ranq (contributor) - 2008
Persistent link: https://www.econbiz.de/10003662865
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Transferable ageing provisions in individual health insurance contracts
Baumann, Florian; Meier, Volker; Werding, Martin - 2004
We consider lifetime health insurance contracts in which ageing provisions are used to smooth the premium profile. The stock of capital accumulated for each individual can be split into two parts: a premium insurance and an annuitised life insurance, where the latter would be transferable...
Persistent link: https://www.econbiz.de/10011404278
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Demand for multi-year catastrophe insurance contracts : experimental evidence for mitigating the insurance gap
Dudek, Thomas; Ulm, Eric R.; Noy, Ilan - 2021
demand. As previously demonstrated, our results confirm that subsidies are ineffective in increasing insurance penetration. …
Persistent link: https://www.econbiz.de/10012694052