Advanced Search
MyIDEAS: Login to save this book or follow this series

Assurabilité et développement de l'assurance dépendance

Contents:

Editor Info

  • Lorenzi, Jean-Hervé

Author Info

  • Plisson, Manuel
Registered author(s):

    Abstract

    The private long-term care insurance (LTCI) market is a puzzle, in France and in several developed countries (United-States, Spain, etc. . . ). The long-term care insurance market is small, yet long-term care is one of the largest uninsured financial risks facing the elderly. In addition public insurance is small in most countries. This research develops a new analysis of this long-term care insurance puzzle. It examines, on the basis of a new data set for France, whether the limited size of the insurance market is explained by market failures, or whether this sub optimal result is linked to institutional reasons ? The research leads to four results. In the first part, I argue that it is possible to push back the insurability frontier for long-term care at home. In the second part, I illustrate how individual preferences may lead some persons not to seek insure, and this for at least two reasons : an incomplete insurance contract ; current and expected health condition has a strong e§ect on wealth utility. On the basis of my data set, I argue that long-term care insurance can become a mass product particularly appreciated by middle classes. In the last part, I show, using standard tests, that there is no adverse selection on the private long-term care insurance market. This could be explained by offsetting effects. In view of these four results, I argue that the current limited size of LTCI market can be better explained by institutional reasons (social insurance criteria, tax disincentives) rather than by market failure. There are no economic obstacles to the development of this market. Nevertheless, a small share of the population will prefer not to insure.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://basepub.dauphine.fr/xmlui/bitstream/123456789/5064/1/these_Plisson_Dependance.pdf
    Download Restriction: no

    Bibliographic Info

    as in new window
    This book is provided by Paris Dauphine University in its series Economics Thesis from University Paris Dauphine with number 123456789/5064 and published in 2009.

    Order: http://basepub.dauphine.fr/xmlui/handle/123456789/5064
    Handle: RePEc:dau:thesis:123456789/5064

    Note: dissertation
    Contact details of provider:
    Web page: http://www.dauphine.fr/en/welcome.html
    More information through EDIRC

    Related research

    Keywords: information asymmetry; ageing; demand for insurance; insurability; antisélection; effet de sélection; asymétrie d'information; demande d'assurance; assurabilité; dépendance des personnes âgées; adverse selection; selection effects;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:dau:thesis:123456789/5064. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alexandre Faure).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.