| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17802 |
| 来源ID | Working Paper 17802 |
| Moral Hazard in Health Insurance: How Important Is Forward Looking Behavior? | |
| Aviva Aron-Dine; Liran Einav; Amy Finkelstein; Mark R. Cullen | |
| 发表日期 | 2012-02-02 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We investigate whether individuals exhibit forward looking behavior in their response to the non-linear pricing common in health insurance contracts. Our empirical strategy exploits the fact that employees who join an employer-provided health insurance plan later in the calendar year face the same initial ("spot") price of medical care but a higher expected end-of-year ("future") price than employees who join the same plan earlier in the year. Our results reject the null of completely myopic behavior; medical utilization appears to respond to the future price, with a statistically significant elasticity of medical utilization with respect to the future price of -0.4 to -0.6. To try to quantify the extent of forward looking behavior, we develop a stylized dynamic model of individual behavior and calibrate it using our estimated behavioral response and additional data from the RAND Health Insurance Experiment. Our calibration suggests that the elasticity estimate may be substantially smaller than the one implied by fully forward-looking behavior, yet it is sufficiently high to have an economically significant effect on the response of annual medical utilization to a non-linear health insurance contract. Overall, our results point to the empirical importance of accounting for dynamic incentives in analyses of the impact of health insurance on medical utilization. |
| 主题 | Microeconomics ; Households and Firms ; Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w17802 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575477 |
| 推荐引用方式 GB/T 7714 | Aviva Aron-Dine,Liran Einav,Amy Finkelstein,et al. Moral Hazard in Health Insurance: How Important Is Forward Looking Behavior?. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17802.pdf（508KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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