Narrow Framing and Long‐Term Care Insurance. Issue 4 (5th July 2019)
- Record Type:
- Journal Article
- Title:
- Narrow Framing and Long‐Term Care Insurance. Issue 4 (5th July 2019)
- Main Title:
- Narrow Framing and Long‐Term Care Insurance
- Authors:
- Gottlieb, Daniel
Mitchell, Olivia S. - Abstract:
- Abstract: We propose a model of narrow framing in insurance and test it using data from a new module we designed and fielded in the Health and Retirement Study. We show that respondents subject to narrow framing are substantially less likely to buy long‐term care insurance than average. This effect is much larger than the effects of risk aversion or adverse selection, and it offers a new explanation for why people underinsure their later‐life care needs.
- Is Part Of:
- Journal of risk and insurance. Volume 87:Issue 4(2020)
- Journal:
- Journal of risk and insurance
- Issue:
- Volume 87:Issue 4(2020)
- Issue Display:
- Volume 87, Issue 4 (2020)
- Year:
- 2020
- Volume:
- 87
- Issue:
- 4
- Issue Sort Value:
- 2020-0087-0004-0000
- Page Start:
- 861
- Page End:
- 893
- Publication Date:
- 2019-07-05
- Subjects:
- Insurance -- United States -- Periodicals
368.97305 - Journal URLs:
- http://onlinelibrary.wiley.com/ ↗
- DOI:
- 10.1111/jori.12290 ↗
- Languages:
- English
- ISSNs:
- 0022-4367
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 5052.100000
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 14766.xml