Individual time preferences and health behaviors, with an application to health insurance


Journal Article

One of the fundamental tasks in optimal insurance design is mitigating the moral hazard effects inherent in insurance mechanisms. Empirically, relatively little is known about how individual-level time preferences affect selection of insurance options. We use several waves of the Health and Retirement Survey to explore the relationship between revealed time preferences at the individual level and the selection of insurance options for both the under-age-65 population and the Medicare-eligible population. Our results suggest that time preferences are not likely to be fixed across the life cycle, and that they appear to be important predictors of health insurance decisions. © 2010 Emerald Group Publishing Limited All Rights Reserved.

Full Text

Duke Authors

Cited Authors

  • Bradford, WD; Burgess, JF

Published Date

  • December 1, 2010

Published In

Volume / Issue

  • 290 /

Start / End Page

  • 63 - 93

International Standard Serial Number (ISSN)

  • 0573-8555

Digital Object Identifier (DOI)

  • 10.1108/S0573-8555(2010)0000290007

Citation Source

  • Scopus