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L'assurance-chômage des emprunteurs

  • Pierre-André Chiappori
  • Jean Pinquet

[fre] La sécurisation des prêts pour l'accession à la propriété concerne les organismes de crédit mais aussi la puissance publique, avec le développement des prêts à taux zéro. L'assurance chômage privée des prêts hypothécaires par le secteur concurrentiel est une réponse à un objectif de sécurisation, qui évite la budgétisation des prestations qu'entraîne- rait une assurance publique pour des prêts aidés. L'article étudie les conditions d'assurabilité du risque chômage des emprunteurs, et met en regard la théorie économique et les pratiques récentes du marché. Puis nous développons les autres aspects soulevés par l'analyse économique de ce risque : antisélection à court et long terme, aléa moral ex ante et ex post, et asymétries d'information entre assureurs et sociétés de crédit. Les perspectives d'évolution des produits et des relations assureurs-sociétés de crédit sont évoquées dans la conclusion. [eng] Securization of mortgage loans matters for private lenders but also for public authorities, with subsidized loans as « prêts à taux zéro ». Private unemployment insurance for mortgage loans aims at securizing the loans, and avoids the use of public subsidy. The paper investigates the condition of assurability of this risk, and links economic theory with recent trends in the market. Then we develop the other aspects raised by the economic analysis of this risk (short and long-term adverse selection, ex ante and ex post moral hazard, and information asymmetry between the insurance company and the credit institution). As a conclusion, we mention the perspectives of evolution for the contracts and for the relations between the insurance company and the credit institution.

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File URL: http://dx.doi.org/10.3406/rfeco.1999.1074
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File URL: http://www.persee.fr/articleAsPDF/rfeco_0769-0479_1999_num_14_1_1074/rfeco_0769-0479_1999_num_14_1_1074.pdf?mode=light
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Article provided by Programme National Persée in its journal Revue française d'économie.

Volume (Year): 14 (1999)
Issue (Month): 1 ()
Pages: 91-115

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Handle: RePEc:prs:rfreco:rfeco_0769-0479_1999_num_14_1_1074
Note: DOI:10.3406/rfeco.1999.1074
Contact details of provider: Web page: http://www.persee.fr/web/revues/home/prescript/revue/rfeco

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