nep-ias 2005-02-06 papers

on Insurance Economics

Issue of 2005‒02‒06
one paper chosen by
Soumitra K Mallick
Indian Institute of Social Welfare and Bussiness Management

Willigness to Pay for Long-Term Care Coverage: the Role of Private Information and Self-Insurance By Costa-Font,J.; Rovira-Forns, J.

Willigness to Pay for Long-Term Care Coverage: the Role of Private Information and Self-Insurance

By:	Costa-Font,J.; Rovira-Forns, J. (Universitat de Barcelona)
Abstract:	Both public and private insurance for long-term care is undeveloped in some European countries such as in Spain and empirical evidence is still limited. This paper aims at exmining the determinants of the demand for Long Term Care (LTC) coverage in Spain using contingent valuation techniques. Our findings indicate that only one-fifth of the population is willing to pay to assure coverage decisions are significantly affected by private information asymmetry and housing tenure in giving rise to self-insurance reduces the probability of insurance being hypothetically purchased
JEL:	D63 D78 I11 H43
Date:	2004
URL:	http://d.repec.org/n?u=RePEc:bar:bedcje:2004124&r=ias

This nep-ias issue is ©2005 by Soumitra K Mallick. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.

General information on the NEP project can be found at http://nep.repec.org. For comments please write to the director of NEP, Marco Novarese at <director@nep.repec.org>. Put “NEP” in the subject, otherwise your mail may be rejected.

NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.