Health insurance premiums often do not reflect individual health risks, implying redistribution from individuals with … that was in place was a 350 euro deductible. Our counterfactual experiments show that redistribution would decrease when … the deductible would increase. Nonetheless, high-risk individuals can benefit from higher levels of cost-sharing. The …

We develop a new approach to quantify how patients respond to dynamic incentives in health insurance contracts with a … deductible. Our approach exploits two sources of variation in a differences-in-regression-discontinuities design: deductible … deductible by €100 leads to a reduction in healthcare spending of around 3% on the first days of the year and 6% at the annual …

We estimate the causal effect of having full health insurance on health care expenditures. We take advantage of a … regular insurance, until a policy change forced all individuals with an active plan to cover a minimum amount of their ….14 comparing full insurance with the cost-sharing model, and a significant upward shift in the likelihood to generate costs. …

spells and (ii) reduced reemployment wages. Although full insurance requires both unemployment benefits and wage insurance …, supply difficulties limit actual-loss insurance, and separation packages typically include partial unemployment insurance and … integration of these insurance instruments in this complex planning environment. One important implication: given the structure of …

Disability Insurance (DI) may affect workers' outcomes such as their probability to enter DI, to recover, and their … employment. Supplementary insurance may increase these moral hazard effects, but also increases the financial gains of private … increased insurance coverage on workers' outcomes are thus ambiguous. This paper aims to separate worker and insurer responses …

We characterize how public insurance schemes are constrained by hidden financial transactions. When non …-exclusive private insurance entails increasing unit transaction costs, public transfers are only partly offset by hidden private … of insurance on unobservable effort and saving choices as well as the relative cost of public and private insurance …

with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then … standard functional form restrictions ensure that individual objective functions are optimized by an effort and insurance … combination that is unique and satisfies first- and second-order conditions. Modeling insurance incompleteness in terms of costly …