Citation

Zheng Y, Vukina T, Zheng X. Geneva Risk Insur. Rev. 2021; 46(1): 35-60.

Copyright

(Copyright © 2021, Holtzbrinck Springer Nature Publishing Group -- Palgrave-Macmillan)

DOI

10.1057/s10713-020-00048-x

PMID

unavailable

Abstract

This paper uses truncated count model with endogeneity and simulated maximum likelihood estimation technique to estimate gender differences in moral hazard in health care insurance. We use the dataset that consists of invoices for all outpatient services from a regional hospital in Croatia. Our theoretical model predicts that higher risk aversion is associated with smaller ex-post moral hazard effect. If women are more risk averse than men, then the moral hazard effect due to health insurance should be lower in women than in men. After adjusting for the sample selection in the estimation, we found a statistically significant evidence of moral hazard for the general population but statistically insignificant difference in moral hazard between men and women.

Language: en