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The nature of risk preferences : evidence from insurance choices
Barseghyan, Levon; Molinari, Francesca; O'Donoghue, Ted; … - 2011
We use data on households' deductible choices in auto and home insurance to estimate a structural model of risky choice …. Our main findings are robust to a variety of modeling assumptions. -- deductible ; loss aversion ; probability weighting …
Persistent link: https://www.econbiz.de/10009240654
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The Nature of Risk Preferences : Evidence from Insurance Choices
Barseghyan, Levon; Molinari, Francesca; O'Donoghue, Ted; … - 2021
We use data on insurance deductible choices to estimate a structural model of risky choice that incorporates 'standard … important role in explaining the aversion to risk manifested in deductible choices. This finding is robust to allowing for …
Persistent link: https://www.econbiz.de/10013315858
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The Nature of Risk Preferences : Evidence from Insurance Choices
Barseghyan, Levon - 2013
We use data on insurance deductible choices to estimate a structural model of risky choice that incorporates "standard … important role in explaining the aversion to risk manifested in deductible choices. This finding is robust to allowing for …
Persistent link: https://www.econbiz.de/10013094473
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The nature of risk preferences : evidence from insurance choices
Barseghyan, Levon; Molinari, Francesca; O'Donoghue, Ted; … - In: The American economic review 103 (2013) 6, pp. 2499-2529
Persistent link: https://www.econbiz.de/10010247768
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Estimating the effects of risk transfer mechanisms against floods in Europe and USA : a dynamic panel approach
Raschky, Paul A. - 2007
European region reduces the regional GDP by 0.4%-0.6%; an average flood event in the U.S.A reduces the personal income by 0 ….3%-0.4%. Mandatory insurance regimes in Europe absorb the negative short-run effect of a flood, while the National Flood Insurance … Program (NFIP) in the U.S.A. mitigate the effects of a flood by about 50%. The results provide empirical foundation for the …
Persistent link: https://www.econbiz.de/10009731161
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Estimating Risk Preferences from Deductible Choice
Cohen, Alma; Einav, Liran - 2010
We estimate the distribution of risk preferences using a large data set of deductible choices in auto insurance … data on deductible and premium choices to estimate the distribution of risk aversion and how it correlates with risk. We …
Persistent link: https://www.econbiz.de/10014051801
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Do optional deductibles reduce the number of doctor visits? : empirical evidence with German data
Schmitz, Hendrik - 2008
Deductibles in health insurance are often regarded as a means to contain health care costs when individuals exhibit …-selection into different insurance contracts. We use a set of new variables in the German Socioeconomic Panel for the years 2002 … the data reveals that the effect of deductibles on the number of doctor visits is negligible. Private add-on insurance …
Persistent link: https://www.econbiz.de/10011633519
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Do Optional Deductibles Reduce the Number of Doctor Visits? Empirical Evidence with German Data
Schmitz, Hendrik - 2008
Deductibles in health insurance are often regarded as a means to contain health care costs when individuals exhibit …-selection into different insurance contracts. We use a set of new variables in the German Socioeconomic Panel for the years 2002 … the data reveals that the effect of deductibles on the number of doctor visits is negligible. Private add-on insurance …
Persistent link: https://www.econbiz.de/10014213324
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Inattention and switching costs as sources of inertia in medicare part D
Heiss, Florian; McFadden, Daniel; Winter, Joachim; … - 2019
Consumers' health plan choices are highly persistent even though optimal plans change over time. This paper separates two sources of inertia, inattention to plan choice and switching costs. We develop a panel data model with separate attention and choice stages, linked by heterogeneity in...
Persistent link: https://www.econbiz.de/10012139521
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Will they take the money and work? : an empirical analysis of people's willingness to delay claiming social security benefits for a lump sum
Maurer, Raimond; Mitchell, Olivia S.; Rogalla, Ralph; … - 2015
This paper investigates whether exchanging the Social Security delayed retirement credit, currently paid as an increase in lifetime annuity benefits, for a lump sum would induce later claiming and additional work. We show that people would voluntarily claim about half a year later if the lump...
Persistent link: https://www.econbiz.de/10010482081