Moral Hazard in Health Insurance: How Important Is Forward Looking Behavior?
Author
Abstract
Suggested Citation
Note: AG EH IO PE
Download full text from publisher
Other versions of this item:
- Aviva Aron-Dine & Liran Einav & Amy Finkelstein & Mark Cullen, 2012. "Moral hazard in health insurance: How important is forward looking behavior?," Discussion Papers 11-007, Stanford Institute for Economic Policy Research.
References listed on IDEAS
- Liran Einav & Amy Finkelstein & Stephen P. Ryan & Paul Schrimpf & Mark R. Cullen, 2013.
"Selection on Moral Hazard in Health Insurance,"
American Economic Review, American Economic Association, vol. 103(1), pages 178-219, February.
- Liran Einav & Amy Finkelstein & Stephen Ryan & Paul Schrimpf & Mark Cullen, 2011. "Selection on Moral Hazard in Health Insurance," Discussion Papers 10-027, Stanford Institute for Economic Policy Research.
- Liran Einav & Amy Finkelstein & Stephen P. Ryan & Paul Schrimpf & Mark R. Cullen, 2011. "Selection on Moral Hazard in Health Insurance," NBER Working Papers 16969, National Bureau of Economic Research, Inc.
- William Adams & Liran Einav & Jonathan Levin, 2009.
"Liquidity Constraints and Imperfect Information in Subprime Lending,"
American Economic Review, American Economic Association, vol. 99(1), pages 49-84, March.
- William Adams & Liran Einav & Jonathan Levin, 2007. "Liquidity Constraints and Imperfect Information in Subprime Lending," NBER Working Papers 13067, National Bureau of Economic Research, Inc.
- Janet Currie & Jonathan Gruber, 1996.
"Health Insurance Eligibility, Utilization of Medical Care, and Child Health,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 111(2), pages 431-466.
- Janet Currie & Jonathan Gruber, 1995. "Health Insurance Eligibility, Utilization of Medical care, and Child Health," NBER Working Papers 5052, National Bureau of Economic Research, Inc.
- Kowalski, Amanda E., 2015.
"Estimating the tradeoff between risk protection and moral hazard with a nonlinear budget set model of health insurance,"
International Journal of Industrial Organization, Elsevier, vol. 43(C), pages 122-135.
- Amanda E. Kowalski, 2012. "Estimating the Tradeoff Between Risk Protection and Moral Hazard with a Nonlinear Budget Set Model of Health Insurance," NBER Working Papers 18108, National Bureau of Economic Research, Inc.
- Eric French & John Bailey Jones, 2002.
"On the distribution and dynamics of health costs,"
Working Paper Series
WP-02-21, Federal Reserve Bank of Chicago.
- John Bailey Jones & Eric French, 2002. "On the Distribution and Dynamics of Health Costs," Discussion Papers 02-03, University at Albany, SUNY, Department of Economics.
- Blundell, Richard & Macurdy, Thomas, 1999.
"Labor supply: A review of alternative approaches,"
Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 27, pages 1559-1695,
Elsevier.
- Richard Blundell & Thomas MaCurdy, 1998. "Labour supply: a review of alternative approaches," IFS Working Papers W98/18, Institute for Fiscal Studies.
- Randall P. Ellis, 1986. "Rational Behavior in the Presence of Coverage Ceilings and Deductibles," RAND Journal of Economics, The RAND Corporation, vol. 17(2), pages 158-175, Summer.
- Amy Finkelstein & Erzo F. P. Luttmer & Matthew J. Notowidigdo, 2013.
"What Good Is Wealth Without Health? The Effect Of Health On The Marginal Utility Of Consumption,"
Journal of the European Economic Association, European Economic Association, vol. 11, pages 221-258, January.
- Finkelstein, Amy & Luttmer, Erzo F. P. & Notowidigdo, Matthew J., 2008. "What Good Is Wealth without Health? The Effect of Health on the Marginal Utility of Consumption," Working Paper Series rwp08-036, Harvard University, John F. Kennedy School of Government.
- Amy Finkelstein & Erzo F.P. Luttmer & Matthew J. Notowidigdo, 2008. "What Good Is Wealth Without Health? The Effect of Health on the Marginal Utility of Consumption," NBER Working Papers 14089, National Bureau of Economic Research, Inc.
- Koichiro Ito, 2014.
"Do Consumers Respond to Marginal or Average Price? Evidence from Nonlinear Electricity Pricing,"
American Economic Review, American Economic Association, vol. 104(2), pages 537-563, February.
- Koichiro Ito, 2012. "Do Consumers Respond to Marginal or Average Price? Evidence from Nonlinear Electricity Pricing," NBER Working Papers 18533, National Bureau of Economic Research, Inc.
- Judith Chevalier & Austan Goolsbee, 2009.
"Are Durable Goods Consumers Forward-Looking? Evidence from College Textbooks,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 124(4), pages 1853-1884.
- Judith Chevalier & Austan Goolsbee, 2005. "Are Durable Goods Consumers Forward Looking? Evidence from College Textbooks," NBER Working Papers 11421, National Bureau of Economic Research, Inc.
- Emmanuel Saez, 2010.
"Do Taxpayers Bunch at Kink Points?,"
American Economic Journal: Economic Policy, American Economic Association, vol. 2(3), pages 180-212, August.
- Emmanuel Saez, 1999. "Do Taxpayers Bunch at Kink Points?," NBER Working Papers 7366, National Bureau of Economic Research, Inc.
- Cardon, James H & Hendel, Igal, 2001. "Asymmetric Information in Health Insurance: Evidence from the National Medical Expenditure Survey," RAND Journal of Economics, The RAND Corporation, vol. 32(3), pages 408-427, Autumn.
- Naomi E. Feldman & Peter Katuscak, 2006. "Should the Average Tax Rate Be Marginalized?," CERGE-EI Working Papers wp304, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Gross, Tal & Notowidigdo, Matthew J., 2011.
"Health insurance and the consumer bankruptcy decision: Evidence from expansions of Medicaid,"
Journal of Public Economics, Elsevier, vol. 95(7-8), pages 767-778, August.
- Gross, Tal & Notowidigdo, Matthew J., 2011. "Health insurance and the consumer bankruptcy decision: Evidence from expansions of Medicaid," Journal of Public Economics, Elsevier, vol. 95(7), pages 767-778.
- Benjamin R. Handel, 2011. "Adverse Selection and Switching Costs in Health Insurance Markets: When Nudging Hurts," NBER Working Papers 17459, National Bureau of Economic Research, Inc.
- Raj Chetty & Emmanuel Saez, 2013.
"Teaching the Tax Code: Earnings Responses to an Experiment with EITC Recipients,"
American Economic Journal: Applied Economics, American Economic Association, vol. 5(1), pages 1-31, January.
- Raj Chetty & Emmanuel Saez, 2009. "Teaching the Tax Code: Earnings Responses to an Experiment with EITC Recipients," NBER Working Papers 14836, National Bureau of Economic Research, Inc.
- Amy Finkelstein & Sarah Taubman & Bill Wright & Mira Bernstein & Jonathan Gruber & Joseph P. Newhouse & Heidi Allen & Katherine Baicker, 2012.
"The Oregon Health Insurance Experiment: Evidence from the First Year,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 127(3), pages 1057-1106.
- Finkelstein, Amy, et al., 2011. "The Oregon Health Insurance Experiment: Evidence from the First Year," Working Paper Series rwp11-040, Harvard University, John F. Kennedy School of Government.
- Amy Finkelstein & Sarah Taubman & Bill Wright & Mira Bernstein & Jonathan Gruber & Joseph P. Newhouse & Heidi Allen & Katherine Baicker & The Oregon Health Study Group, 2011. "The Oregon Health Insurance Experiment: Evidence from the First Year," NBER Working Papers 17190, National Bureau of Economic Research, Inc.
- Amanda Kowalski, 2016.
"Censored Quantile Instrumental Variable Estimates of the Price Elasticity of Expenditure on Medical Care,"
Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 34(1), pages 107-117, January.
- Amanda E. Kowalski, 2009. "Censored Quantile Instrumental Variable Estimates of the Price Elasticity of Expenditure on Medical Care," NBER Working Papers 15085, National Bureau of Economic Research, Inc.
- Jeffrey B. Liebman & Erzo F. P. Luttmer, 2015.
"Would People Behave Differently If They Better Understood Social Security? Evidence from a Field Experiment,"
American Economic Journal: Economic Policy, American Economic Association, vol. 7(1), pages 275-299, February.
- Jeffrey B. Liebman & Erzo F.P. Luttmer, 2011. "Would People Behave Differently If They Better Understood Social Security? Evidence From a Field Experiment," NBER Working Papers 17287, National Bureau of Economic Research, Inc.
- Raj Chetty & John N. Friedman & Tore Olsen & Luigi Pistaferri, 2011.
"Adjustment Costs, Firm Responses, and Micro vs. Macro Labor Supply Elasticities: Evidence from Danish Tax Records,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 126(2), pages 749-804.
- Raj Chetty & John N. Friedman & Tore Olsen & Luigi Pistaferri, 2009. "Adjustment Costs, Firm Responses, and Micro vs. Macro Labor Supply Elasticities: Evidence from Danish Tax Records," NBER Working Papers 15617, National Bureau of Economic Research, Inc.
- Manning, Willard G, et al, 1987. "Health Insurance and the Demand for Medical Care: Evidence from a Randomized Experiment," American Economic Review, American Economic Association, vol. 77(3), pages 251-277, June.
- Amitabh Chandra & Jonathan Gruber & Robin McKnight, 2007. "Patient Cost-Sharing, Hospitalization Offsets, and the Design of Optimal Health Insurance for the Elderly," NBER Working Papers 12972, National Bureau of Economic Research, Inc.
- Keeler, Emmett B & Newhouse, Joseph P & Phelps, C E, 1977. "Deductibles and the Demand for Medical Care Services: The Theory of a Consumer Facing a Variable Price Schedule under Uncertainty," Econometrica, Econometric Society, vol. 45(3), pages 641-655, April.
- Amy Finkelstein, 2007. "The Aggregate Effects of Health Insurance: Evidence from the Introduction of Medicare," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 122(1), pages 1-37.
- Keeler, Emmett B. & Rolph, John E., 1988. "The demand for episodes of treatment in the health insurance experiment," Journal of Health Economics, Elsevier, vol. 7(4), pages 337-367, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Raj Chetty & Amy Finkelstein, 2012.
"Social Insurance: Connecting Theory to Data,"
NBER Working Papers
18433, National Bureau of Economic Research, Inc.
- Chetty, Nadarajan & Finkelstein, Amy Nadya, 2013. "Social Insurance: Connecting Theory to Data," Scholarly Articles 34330197, Harvard University Department of Economics.
- Kowalski, Amanda E., 2015.
"Estimating the tradeoff between risk protection and moral hazard with a nonlinear budget set model of health insurance,"
International Journal of Industrial Organization, Elsevier, vol. 43(C), pages 122-135.
- Amanda E. Kowalski, 2012. "Estimating the Tradeoff Between Risk Protection and Moral Hazard with a Nonlinear Budget Set Model of Health Insurance," NBER Working Papers 18108, National Bureau of Economic Research, Inc.
- Zarek C. Brot-Goldberg & Amitabh Chandra & Benjamin R. Handel & Jonathan T. Kolstad, 2017.
"What does a Deductible Do? The Impact of Cost-Sharing on Health Care Prices, Quantities, and Spending Dynamics,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 132(3), pages 1261-1318.
- Brot-Goldberg, Zarek C. & Chandra, Amitabh & Handel, Benjamin R. & Kolstad, Jonathan T., 2015. "What Does a Deductible Do? The Impact of Cost-Sharing on Health Care Prices, Quantities, and Spending Dynamics," Working Paper Series 15-060, Harvard University, John F. Kennedy School of Government.
- Brot-Goldberg, Z.C. & Chandra, A. & Handel, B. & Kolstad, J.T., 2016. "What Does a Deductible Do? The Impact of Cost-Sharing on Health Care Prices, Quantities and Spending Dynamics," Health, Econometrics and Data Group (HEDG) Working Papers 16/15, HEDG, c/o Department of Economics, University of York.
- Zarek C. Brot-Goldberg & Amitabh Chandra & Benjamin R. Handel & Jonathan T. Kolstad, 2015. "What Does a Deductible Do? The Impact of Cost-Sharing on Health Care Prices, Quantities, and Spending Dynamics," NBER Working Papers 21632, National Bureau of Economic Research, Inc.
- Guo, Audrey & Zhang, Jonathan, 2019. "What to expect when you are expecting: Are health care consumers forward-looking?," Journal of Health Economics, Elsevier, vol. 67(C).
- Hayen, Arthur P. & Klein, Tobias J. & Salm, Martin, 2021.
"Does the framing of patient cost-sharing incentives matter? the effects of deductibles vs. no-claim refunds,"
Journal of Health Economics, Elsevier, vol. 80(C).
- Klein, Tobias & Salm, Martin & Hayen, Arthur, 2018. "Does the framing of patient cost-sharing incentives matter? The effects of deductibles vs. no-claim refunds," CEPR Discussion Papers 12908, C.E.P.R. Discussion Papers.
- Hayen, A.P.; & Klein, T.J.; & Salm, M.;, 2019. "Does the framing of patient cost-sharing incentives matter? The effects of deductibles vs. no-claim refunds," Health, Econometrics and Data Group (HEDG) Working Papers 19/12, HEDG, c/o Department of Economics, University of York.
- Hayen, Arthur P. & Klein, Tobias J. & Salm, Martin, 2018. "Does the Framing of Patient Cost-Sharing Incentives Matter? The Effects of Deductibles vs. No-Claim Refunds," IZA Discussion Papers 11508, Institute of Labor Economics (IZA).
- Powell, David & Goldman, Dana, 2021.
"Disentangling moral hazard and adverse selection in private health insurance,"
Journal of Econometrics, Elsevier, vol. 222(1), pages 141-160.
- David Powell & Dana Goldman, 2016. "Disentangling Moral Hazard and Adverse Selection in Private Health Insurance," NBER Working Papers 21858, National Bureau of Economic Research, Inc.
- Lin, Haizhen & Sacks, Daniel W., 2019. "Intertemporal substitution in health care demand: Evidence from the RAND Health Insurance Experiment," Journal of Public Economics, Elsevier, vol. 175(C), pages 29-43.
- Toshiaki Iizuka & Hitoshi Shigeoka, 2018.
"Free for Children? Patient Cost-sharing and Healthcare Utilization,"
NBER Working Papers
25306, National Bureau of Economic Research, Inc.
- Iizuka, Toshiaki & Shigeoka, Hitoshi, 2019. "Free for Children? Patient Cost-sharing and Healthcare Utilization," CEI Working Paper Series 2019-5, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
- Liran Einav & Amy Finkelstein, 2018.
"Moral Hazard in Health Insurance: What We Know and How We Know It,"
Journal of the European Economic Association, European Economic Association, vol. 16(4), pages 957-982.
- Liran Einav & Amy Finkelstein, 2017. "Moral Hazard in Health Insurance: What We Know and How We Know It," NBER Working Papers 24055, National Bureau of Economic Research, Inc.
- Dunn, Abe, 2016.
"Health insurance and the demand for medical care: Instrumental variable estimates using health insurer claims data,"
Journal of Health Economics, Elsevier, vol. 48(C), pages 74-88.
- Abe Dunn, 2014. "Health Insurance and the Demand for Medical Care: Instrumental Variable Estimates Using Health Insurer Claims Data," BEA Working Papers 0107, Bureau of Economic Analysis.
- Haizhen Lin & Daniel W. Sacks, 2016. "Intertemporal Substitution in Health Care Demand: Evidence from the RAND Health Insurance Experiment," NBER Working Papers 22802, National Bureau of Economic Research, Inc.
- Klein, Tobias J. & Salm, Martin & Upadhyay, Suraj, 2024. "Patient Cost-Sharing and Redistribution in Health Insurance," IZA Discussion Papers 16778, Institute of Labor Economics (IZA).
- Aviva Aron-Dine & Liran Einav & Amy Finkelstein, 2013.
"The RAND Health Insurance Experiment, Three Decades Later,"
Journal of Economic Perspectives, American Economic Association, vol. 27(1), pages 197-222, Winter.
- Aviva Aron-Dine & Liran Einav & Amy Finkelstein, 2012. "The RAND Health Insurance Experiment, Three Decades Later," NBER Working Papers 18642, National Bureau of Economic Research, Inc.
- Aviva Aron-Dine & Liran Einav & Amy Finkelstein, 2012. "The RAND Health Insurance Experiment, Three Decades Later," Discussion Papers 12-007, Stanford Institute for Economic Policy Research.
- Michael Gerfin & Boris Kaiser & Christian Schmid, 2015.
"Healthcare Demand in the Presence of Discrete Price Changes,"
Health Economics, John Wiley & Sons, Ltd., vol. 24(9), pages 1164-1177, September.
- Gerfin, M. & Kaiser, B. & Schmid, C., 2014. "Health Care Demand in the Presence of Discrete Price Changes," Health, Econometrics and Data Group (HEDG) Working Papers 14/22, HEDG, c/o Department of Economics, University of York.
- Michael Gerfin & Boris Kaiser & Christian Schmid, 2014. "Health Care Demand in the Presence of Discrete Price Changes," Diskussionsschriften dp1403, Universitaet Bern, Departement Volkswirtschaft.
- David Powell & Dana P. Goldman, 2014. "Moral Hazard and Adverse Selection in Private Health Insurance," Working Papers WR-1032, RAND Corporation.
- Kairies-Schwarz, Nadja & Harrison, Glenn W. & Han, Johann, 2018. "Deductibles and Health Care Utilization: An Experiment on the Role of Forward-Looking Behavior," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181588, Verein für Socialpolitik / German Economic Association.
- Klein, T.J.; & Salm, M.; & Upadhyay, S.;, 2024. "Patient cost-sharing and redistribution in health insurance," Health, Econometrics and Data Group (HEDG) Working Papers 24/15, HEDG, c/o Department of Economics, University of York.
- Harrison, Glenn W. & Kairies-Schwarz, Nadja & Han, Johann, 2024. "Deductibles and health care utilization: An experiment on the role of forward-looking behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 224(C), pages 717-748.
- Kurt Lavetti & Thomas DeLeire & Nicolas R. Ziebarth, 2023.
"How do low‐income enrollees in the Affordable Care Act marketplaces respond to cost‐sharing?,"
Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 90(1), pages 155-183, March.
- Lavetti, Kurt & DeLeire, Thomas & Ziebarth, Nicolas R., 2019. "How Do Low-Income Enrollees in the Affordable Care Act Marketplaces Respond to Cost-Sharing?," IZA Discussion Papers 12731, Institute of Labor Economics (IZA).
- Lavetti, Kurt & DeLeire, Thomas C. & Ziebarth, Nicolas R., 2023. "How do low-income enrollees in the affordable care act marketplaces respond to cost sharing?," ZEW Discussion Papers 23-049, ZEW - Leibniz Centre for European Economic Research.
- Kurt J. Lavetti & Thomas DeLeire & Nicolas R. Ziebarth, 2019. "How Do Low-Income Enrollees in the Affordable Care Act Marketplaces Respond to Cost-Sharing?," NBER Working Papers 26430, National Bureau of Economic Research, Inc.
- Klein, Tobias & Salm, Martin & Upadhyay, Suraj, 2020. "The Response to Dynamic Incentives in Insurance Contracts with a Deductible: Evidence from a Differences-in-Regression-Disconti," CEPR Discussion Papers 14552, C.E.P.R. Discussion Papers.
More about this item
JEL classification:
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
NEP fields
This paper has been announced in the following NEP Reports:- NEP-HEA-2012-02-20 (Health Economics)
- NEP-IAS-2012-02-20 (Insurance Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:17802. See general information about how to correct material in RePEc.
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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/nberrus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.