nep-ias New Economics Papers
on Insurance Economics
Issue of 2005‒02‒06
one paper chosen by
Soumitra K Mallick
Indian Institute of Social Welfare and Bussiness Management

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

  1. 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

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