Insurance demand, asymmetric information, and product bundling: economic analyses of the long-term care insurance market
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|---|---|
| Format: | Thesis Book |
| Language: | English |
| Published: |
2011
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| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | VIII, 144 S. graph. Darst. |
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| 245 | 1 | 0 | |a Insurance demand, asymmetric information, and product bundling |b economic analyses of the long-term care insurance market |c von Tian Zhou-Richter |
| 264 | 1 | |c 2011 | |
| 300 | |a VIII, 144 S. |b graph. Darst. | ||
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Record in the Search Index
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| adam_text | Contents
LIST OF FIGURES
............................................................................................
IV
LIST OF TABLES
..............................................................................................
VI
ABBREVIATIONS
..........................................................................................VIII
1
INTRODUCTION
.....................................................................................1
1.1
Motivation
............................................................................................... 1
1.2
Summaries and Contributions
.................................................................4
References
......................................................................................................... 10
2
DON T THEY CARE? OR, ARE THEY JUST UNAWARE? RISK
PERCEPTION AND THE DEMAND FOR LONG-TERM CARE
INSURANCE
...........................................................................................12
2.1
Introduction
...........................................................................................12
2.2
Literature Review
..................................................................................17
2.3
Adult Children s Exposure to Their Parents
Long-Term Care
Risk in
Germany
................................................................................................19
2.4
Risk Perception and the Demand for Insurance
....................................22
2.5
Empirical Analysis: Data, Methods, and Models
..................................27
2.5.1
Survey and Data Description
.............................................................27
2.5.2
Switching Model
................................................................................32
2.5.3
Parents Demand for
Long-Term Care
Insurance
..............................46
2.6
Conclusion and Implication
..................................................................52
Appendix
2.1:
Total Assets Distribution of Elderly German Households
........55
Appendix
2.2:
Relationship between
С
and Its Influence Factors
...................57
Appendix
2.3:
Information Update about Current LTC Situation
....................58
References
.........................................................................................................59
3
LEMONS OR CHERRIES? ASYMMETRIC INFORMATION IN
THE GERMAN PRIVATE LONG-TERM CARE INSURANCE
MARKET
.................................................................................................64
3.1
Introduction
...........................................................................................64
3.2
Theoretical Background
........................................................................68
3.2.1
Adverse and Advantageous Selection
...............................................68
3.2.2
Testing for Asymmetric Information
.................................................71
3.3
Econometric Properties of Sources of Adverse and Advantageous
Selection
................................................................................................73
3.4
Data and Variable Settings
....................................................................75
3.4.1
Insurance Ownership and Ex Post Care Needs
..................................75
3.4.2
Insurers Risk Classification Criteria
.................................................78
3.4.3
Potential Sources of Adverse Selection
.............................................81
3.4.4
Potential Sources of Advantageous Selection
...................................83
3.4.5
Data Description
................................................................................85
3.5
Empirical Results
..................................................................................88
3.5.1
Predictive Power of Insurers Risk Classification Criteria
................88
3.5.2
Evidence of Adverse and Advantageous Selection
...........................90
3.6
Conclusion and Discussion
...................................................................98
Appendix
3:
Health Insurance
.........................................................................101
References
.......................................................................................................101
4
LIFE CARE ANNUITIES—TRICK OR TREAT FOR INSURANCE
COMPANIES?
......................................................................................104
4.1
Introduction
.........................................................................................104
4.2
Literature Review
................................................................................107
4.3
Market Overview of Life Care Annuities
........................................... 109
4.4
Pricing Risk of Life Care Annuities
....................................................112
4.4.1
Survey and Data Description
...........................................................112
4.4.2
Correlation Between Longevity Risk and
Long-Term Care
Risk
... 115
4.4.3
Adverse Selection in Life Care Annuity Market
.............................120
4.5
Solvency Risk of Life Care Annuities
................................................126
4.5.1
Insurers Multi-Period Solvency Model
..........................................126
4.5.2
Calibration of Insurers Underwriting Loss Distributions
...............130
4.5.3
Simulation Results for the Insurers Solvency
................................138
4.5.4
Discussion
........................................................................................139
4.6
Conclusion
..........................................................................................140
Appendix
4:
The HRS Exit Data and Variable Definitions
............................141
References
.......................................................................................................142
|
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| id | DE-604.BV037232007 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T22:54:01Z |
| institution | BVB |
| language | English |
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| physical | VIII, 144 S. graph. Darst. |
| publishDate | 2011 |
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| spelling | Zhou-Richter, Tian Verfasser aut Insurance demand, asymmetric information, and product bundling economic analyses of the long-term care insurance market von Tian Zhou-Richter 2011 VIII, 144 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Berlin, Humboldt-Univ., Diss., 2011 Versicherungsmarkt (DE-588)4137895-7 gnd rswk-swf Versicherungsvertrag (DE-588)4063204-0 gnd rswk-swf Pflegeversicherung (DE-588)4125308-5 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Pflegeversicherung (DE-588)4125308-5 s Versicherungsmarkt (DE-588)4137895-7 s Versicherungsvertrag (DE-588)4063204-0 s DE-604 Digitalisierung UB Bamberg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021145671&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Zhou-Richter, Tian Insurance demand, asymmetric information, and product bundling economic analyses of the long-term care insurance market Versicherungsmarkt (DE-588)4137895-7 gnd Versicherungsvertrag (DE-588)4063204-0 gnd Pflegeversicherung (DE-588)4125308-5 gnd |
| subject_GND | (DE-588)4137895-7 (DE-588)4063204-0 (DE-588)4125308-5 (DE-588)4113937-9 |
| title | Insurance demand, asymmetric information, and product bundling economic analyses of the long-term care insurance market |
| title_auth | Insurance demand, asymmetric information, and product bundling economic analyses of the long-term care insurance market |
| title_exact_search | Insurance demand, asymmetric information, and product bundling economic analyses of the long-term care insurance market |
| title_full | Insurance demand, asymmetric information, and product bundling economic analyses of the long-term care insurance market von Tian Zhou-Richter |
| title_fullStr | Insurance demand, asymmetric information, and product bundling economic analyses of the long-term care insurance market von Tian Zhou-Richter |
| title_full_unstemmed | Insurance demand, asymmetric information, and product bundling economic analyses of the long-term care insurance market von Tian Zhou-Richter |
| title_short | Insurance demand, asymmetric information, and product bundling |
| title_sort | insurance demand asymmetric information and product bundling economic analyses of the long term care insurance market |
| title_sub | economic analyses of the long-term care insurance market |
| topic | Versicherungsmarkt (DE-588)4137895-7 gnd Versicherungsvertrag (DE-588)4063204-0 gnd Pflegeversicherung (DE-588)4125308-5 gnd |
| topic_facet | Versicherungsmarkt Versicherungsvertrag Pflegeversicherung Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021145671&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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