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Est-il rationnel de ne pas s'assurer contre la dépendance ?

Author

Listed:
  • Franck Bien
  • Arnold Chassagnon
  • Manuel Plisson

Abstract

Private insurance for long-term care is underdeveloped in European countries and in the US. This paper tries to understand why the market is underdevelopped by using a theoretical approach and putting the emphasis on insurance demand. It shows that demand for long term care insurance can be low because current and expected health condition of individuals have a strong effect on wealth utility and thus insurance demand. Individual preferences may lead some persons to be uninsured. The underdevelopped market of long-term care insurance might not be only due to insurance supply, market failures, family impacts or institutional design. It is analyzed as a direct consequence of individual preferences.

Suggested Citation

  • Franck Bien & Arnold Chassagnon & Manuel Plisson, 2011. "Est-il rationnel de ne pas s'assurer contre la dépendance ?," Revue française d'économie, Presses de Sciences-Po, vol. 0(4), pages 161-199.
    • Handle: RePEc:cai:rferfe:rfe_114_0161
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    References listed on IDEAS

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