Arrow’s theorem of the deductible and long-term care insurance

C-Tier

Journal: Economics Letters

Year: 2016

Volume: 148

Issue: C

Pages: 103-105

Authors (3)

Drèze, Jacques H. (not in RePEc) Pestieau, Pierre (Université de Liège) Schokkaert, Erik (KU Leuven)

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

Long-term care (LTC) needs are expected to increase in the next decades. This calls for more involvement of the market that today covers less than 10% of these needs. We analyze which features an optimal LTC insurance policy should incorporate. Following Arrow (1963) we suggest that such policy should consist of complete insurance above a deductible amount.

Arrow’s theorem of the deductible and long-term care insurance

Authors (3)

Abstract

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