Based on unique Swedish historical panel data on voluntary Swedish sick insurance societies 1902-1910, we test the hypothesis od economies of scale in sick insurance provision. We report results indicating that pure insurance societies charging only premium ex ante do not exhibit returns to scale, while mutual insurance societies, who levy both an ex ante premium and an ex post assessment, do. We argue that this is due to a sorting mechanism implying that pure insurance societies attract high risk workers as they expand.
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Publisher Info
Paper provided by Stockholm University, Department of Economics in its series Research Papers in Economics with number
2001:9.
Length: 23 pages Date of creation: 12 Sep 2001 Date of revision: Handle: RePEc:hhs:sunrpe:2001_0009
Contact details of provider: Postal: Department of Economics, Stockholm, S-106 91 Stockholm, Sweden Phone: +46 8 16 20 00 Fax: +46 8 16 14 25 Email: Web page: http://www.ne.su.se/ More information through EDIRC
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