Replication data for: Estimating the Value of Public Insurance Using Complementary Private Insurance

Principal Investigator(s): View help for Principal Investigator(s) Marika Cabral; Mark R. Cullen

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code			12/07/2019 04:20:PM
readMe.pdf	application/pdf	551.6 KB	12/07/2019 11:20:AM

Project Description

Summary: The welfare associated with public insurance is often difficult to quantify because the demand for coverage is unobserved and thus cannot be used to analyze welfare. However, in many settings, individuals can purchase private insurance to supplement public coverage. This paper outlines an approach to use data and variation from private complementary insurance to quantify welfare associated with counterfactuals related to compulsory public insurance. We then apply this approach using administrative data on disability insurance. Our findings suggest that public disability insurance generates substantial surplus for the sample population, and there may be gains to increasing the generosity of coverage.

Scope of Project

JEL Classification:
      G22 Insurance; Insurance Companies; Actuarial Studies
      H55 Social Security and Public Pensions
      I13 Health Insurance, Public and Private
      I38 Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs
      J32 Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions

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Published Versions

V1 [2019-12-07]

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