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Health Insurance Participation: The Role of Cognitive Ability and Risk Aversion

Author

Listed:
  • Swarn CHATTERJEE

    (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.

Suggested Citation

  • Swarn CHATTERJEE & Robert B. NIELSEN, 2010. "Health Insurance Participation: The Role of Cognitive Ability and Risk Aversion," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(11(552)), pages 103-112, November.
    • Handle: RePEc:agr:journl:v:xvii(2010):y:2010:i:11(552):p:103-112
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    Cited by:

    1. Omar Paccagnella & Vincenzo Rebba & Guglielmo Weber, 2013. "VOLUNTARY PRIVATE HEALTH INSURANCE AMONG THE OVER 50s IN EUROPE," Health Economics, John Wiley & Sons, Ltd., vol. 22(3), pages 289-315, March.
    2. Patil, Vikram & Veettil, Prakashan Chellattan & Yashodha, Yashodha, 2021. "Understanding Farmers’ Low Uptake of Crop Insurance in India: A Discrete Choice Experiment Approach," 2021 Conference, August 17-31, 2021, Virtual 315232, International Association of Agricultural Economists.

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