A Dynamic Analysis of the Demand for Health Insurance and Health Care

Maarten Lindeboom (), Bas van der Klaauw and Jonneke Bolhaar

No 6968, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We investigate the presence of moral hazard and advantageous or adverse selection in a market for supplementary health insurance. For this we specify and estimate dynamic models for health insurance decisions and health care utilization. Estimates of the health care utilization models indicate that moral hazard is not important. Furthermore, we find strong evidence for advantageous selection, largely driven by heterogeneity in education, income and health preferences. Finally, we show that ignoring dynamics and unobserved fixed effects changes the results dramatically.

Keywords: Advantageous selection; Health care utilization; Moral hazard; Panel data; Supplementary private health insurance (search for similar items in EconPapers)
JEL-codes: C33 D82 G22 I11 (search for similar items in EconPapers)
Date: 2008-09
New Economics Papers: this item is included in nep-cta, nep-hea and nep-ias
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Related works:
Journal Article: A dynamic analysis of the demand for health insurance and health care (2012)
Working Paper: A Dynamic Analysis of the Demand for Health Insurance and Health Care (2008)
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