Theoretical and Applied Economics
No. 11 / 2010 (552)
Health Insurance Participation: The Role of Cognitive Ability and Risk Aversion
University of Georgia, Athens, USA
Robert B. NIELSEN
University of Georgia, Athens, USA
Abstract. The decision to enroll in employer-offered health insurance or purchase insurance in the individual market requires consumers to consider numerous possibilities, most in an environment characterized by imperfect information. This paper introduces an adapted behavioral framework to predict health insurance coverage among employed workers. Results indicate that consumers in the higher quartiles of intelligence are increasingly more likely to have enrolled in an employer’s health insurance policy or purchased insurance in the individual market. Also, respondents with a higher tolerance for risk are less likely to be insured that those less tolerant of risk.
Contents
The de Larosière Report Regarding the new Structure of European System of Financial Supervision
Public Integrity, Economic Freedom and Governance Performance. A Comparative Study for the EU Member States and Acceding Countries
A Note on Causal Relationship between FDI and Savings in Bangladesh
The Effectiveness of Fiscal Policy in Combating Economic Crisis. An Analysis Based on the Economic Literature
The Effect of Fear Appeal HIV-AIDS Social Marketing on Behaviour: Evaluating the Importance of Market Segmentation
Underground Economy and Corruption: the Major Problems of the Romanian Economy
Health Insurance Participation: The Role of Cognitive Ability and Risk Aversion
Suggestions for Improvement of the Methodology of Elaboration and Substantiation of Economic and Financial Investment Projects in Agriculture