Late-in-Life Risks and the Under-Insurance Puzzle
Late-in-Life Risks and the Under-Insurance Puzzle
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晚年风险和保险不足之谜
DOI：
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发表时间：
2016
期刊：
影响因子：
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通讯作者：
Christopher Tonetti
中科院分区：
文献类型：
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作者：
J. Ameriks;Joseph Briggs;Andrew Caplin;M. Shapiro;Christopher Tonetti
个体面临着重大的晚年风险，包括潜在的长期护理（LTC）需求。然而，他们几乎没有相应的保险（LTCI）。我们调查的程度，从根本上缺乏兴趣，穷人的产品功能，和可能的行为因素决定低LTCI持有。我们估计了一组丰富的个人层面的偏好，并使用生命周期模型发现，理想的保险将远远超过市场上的产品更广泛地持有。我们发现，现有产品中的缺陷只能部分解释这种保险不足之谜，类似的发现之间的差距估计和实际年金持有量的差距。我们的结果来自“战略调查问题”，这些问题确定了偏好以及陈述的需求问题。
Individuals face significant late-in-life risks, including potential long-term care (LTC) needs. Yet they hold little corresponding insurance (LTCI). We investigate the degree to which a fundamental lack of interest, poor product features, and possible behavioral factors determine low LTCI holdings. We estimate a rich set of individual-level preferences and use a life-cycle model to find that ideal insurance would be far more widely held than are products in the market. We find that flaws in existing products provide only a partial explanation for this under-insurance puzzle, with analogous findings for the gap between estimated and actual annuity holdings. Our results derive from ``strategic survey questions'' that identify preferences as well as stated demand questions.
影响因子：
2
作者：
Lockwood, Lee M.
通讯作者：
Lockwood, Lee M.
影响因子：
6.3
作者：
van der Klaauw W;Wolpin KI
通讯作者：
Wolpin KI