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Insurance Markets for the Elderly

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  • Hanming Fang

Abstract

We describe the risks faced by the ageing population and survey the corresponding insurance markets for these risks. We focus on income risk, health expenditure risk, long-term care expenditure risk and mortality risk. We also discuss the interactions between social insurance and private insurance markets.

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  • Hanming Fang, 2014. "Insurance Markets for the Elderly," NBER Working Papers 20549, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:20549
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    Cited by:

    1. Mariacristina De Nardi & Eric French & John Bailey Jones, 2016. "Medicaid Insurance in Old Age," American Economic Review, American Economic Association, vol. 106(11), pages 3480-3520, November.
    2. Daniel Gottlieb & Olivia S. Mitchell, 2020. "Narrow Framing and Long‐Term Care Insurance," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 87(4), pages 861-893, December.
    3. Mariacristina De Nardi & Eric French & John Bailey Jones, 2016. "Savings after Retirement: A Survey," Chicago Fed Letter, Federal Reserve Bank of Chicago.
    4. Eric French & Rory McGee & John Bailey Jones, 2022. "Savings after retirement," IFS Working Papers W22/53, Institute for Fiscal Studies.
    5. Eric French & John Bailey Jones & Elaine Kelly & Jeremy McCauley, 2018. "End-of-Life Medical Expenses," Working Paper 18-18, Federal Reserve Bank of Richmond.
    6. Zvika Afik & Elroi Hadad & Rami Yosef, 2023. "A Guaranteed-Return Structured Product as an Investment Risk-Hedging Instrument in Pension Savings Plans," Risks, MDPI, vol. 11(6), pages 1-16, June.
    7. Arapakis, K. & French, E. & Jones, J. & McCauley, J., 2022. "How should we fund end-of-life care in the USA?," Cambridge Working Papers in Economics 2249, Faculty of Economics, University of Cambridge.

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    More about this item

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • I13 - Health, Education, and Welfare - - Health - - - Health Insurance, Public and Private

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