Data and Code for: Long-Term Care Insurance: Information Frictions and Selection

Principal Investigator(s):  View help for Principal Investigator(s) Martin Boyer, HEC Montreal; Philippe De Donder, Toulouse School of Economics; Claude Denys Fluet, Université Laval; Marie-Louise Leroux, UQAM; Pierre-Carl Michaud, HEC Montreal

Version:  View help for Version V1

Name File Type Size Last Modified
  .ipynb_checkpoints 11/05/2019 02:15:PM
  tools 11/05/2019 02:16:PM
.DS_Store application/octet-stream 6 KB 11/05/2019 09:15:AM
Markets.ipynb text/plain 749.1 KB 11/05/2019 09:15:AM
Slopes.ipynb text/plain 86.1 KB 11/05/2019 09:15:AM
analytical.do text/x-stata-syntax 6.3 KB 11/05/2019 09:15:AM
construct.do text/x-stata-syntax 23.9 KB 11/05/2019 09:15:AM
demand-params.npy application/octet-stream 872 bytes 11/05/2019 09:15:AM
fig1-mortage.do text/x-stata-syntax 1 KB 11/05/2019 09:15:AM
fig2-disabage.do text/x-stata-syntax 1.1 KB 11/05/2019 09:15:AM

Project Description

Summary:  View help for Summary
This paper conducts a stated-choice experiment where respondents are asked to rate various insurance products aimed to protect against financial risks associated with long-term care needs. Using exogenous variation in prices from the survey design and individual cost estimates, these stated-choice probabilities are used to predict market equilibrium for long-term care insurance. Our results are twofold. First, information frictions are pervasive. Second, measuring the welfare losses associated with frictions in a framework that also allows for selection, it is found that information frictions reduce equilibrium take-up and lead to large welfare losses while selection plays little role.

Scope of Project

JEL Classification:  View help for JEL Classification
      D82 Asymmetric and Private Information; Mechanism Design
      I13 Health Insurance, Public and Private
      J14 Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination
Geographic Coverage:  View help for Geographic Coverage Canada


Related Publications

Download this project

Published Versions

V1 [2020-07-23]

Export Metadata

Dublin Core

DDI 2.5

Report a Problem

Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.

This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.