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Est-il rationnel de ne pas s'assurer contre la dépendance ?

Abstract : Private insurance for long-term care is underdeveloped in European countries and in the US. This paper tries to understand why the market is underdevelopped by using a theoretical approach and putting the emphasis on insurance demand. It shows that demand for long term care insurance can be low because current and expected health condition of individuals have a strong effect on wealth utility and thus insurance demand. Individual preferences may lead some persons to be uninsured. The underdevelopped market of long-term care insurance might not be only due to insurance supply, market failures, family impacts or institutional design. It is analyzed as a direct consequence of individual preferences.
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Submitted on : Tuesday, November 20, 2012 - 9:56:07 AM
Last modification on : Thursday, May 28, 2020 - 7:05:15 PM



Franck  Bien, Arnold Chassagnon, Manuel Plisson. Est-il rationnel de ne pas s'assurer contre la dépendance ?. 2012, 26 (4), pp.161-199. ⟨10.3917/rfe.114.0161⟩. ⟨halshs-00754579⟩



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