The Experts below are selected from a list of 315 Experts worldwide ranked by ideXlab platform

Thomas M. Selden - One of the best experts on this subject based on the ideXlab platform.

  • Cross-Subsidization in the market for employment-related health insurance.
    Health Economics, 2000
    Co-Authors: Alan C. Monheit, Thomas M. Selden
    Abstract:

    This paper uses data from the 1987 National Medical Expenditure Survey to examine the nature of equilibrium in the market for employment-related health insurance. We examine coverage generosity, premiums, and insurance benefits net of expenditures on premiums, showing that despite a degree of market segmentation, there was a substantial amount of pooling of heterogeneous risks in 1987 among households with employment-related coverage. Our results are largely invariant to (i) firm size and (ii) whether or not employers offer a choice among plans. Our results suggest the need for caution concerning incremental reforms that would weaken the link between employment and insurance without substituting alternative institutions for the pooling of risks. Copyright © 2000 Published in 2000 by John Wiley & Sons, Ltd.

  • Cross-Subsidization in the market for employment-related health insurance.
    Health economics, 2000
    Co-Authors: Alan C. Monheit, Thomas M. Selden
    Abstract:

    This paper uses data from the 1987 National Medical Expenditure Survey to examine the nature of equilibrium in the market for employment-related health insurance. We examine coverage generosity, premiums, and insurance benefits net of expenditures on premiums, showing that despite a degree of market segmentation, there was a substantial amount of pooling of heterogeneous risks in 1987 among households with employment-related coverage. Our results are largely invariant to (i) firm size and (ii) whether or not employers offer a choice among plans. Our results suggest the need for caution concerning incremental reforms that would weaken the link between employment and insurance without substituting alternative institutions for the pooling of risks.

Gert G. Wagner - One of the best experts on this subject based on the ideXlab platform.

  • Problems of Increasing Life Expectancy in Private Insurance - Theory and Practice for Germany
    SSRN Electronic Journal, 2001
    Co-Authors: Gert G. Wagner, Johannes Leinert
    Abstract:

    An unexpected increase in life expectancy has implications for private pensions (annuities). These can be offset by reducing pension payments, Cross-Subsidization of the pension payments, risk-taking of insurance companies or combining these policies. An empirical study of the German market of annuities shows that most of the companies under investigation dealt with the problem of an unexpected increase of life expectation in the 90ies by significant Cross-Subsidization of the pension payments from young policy holders. This paper discusses the implications such polices can have when the importance of private pensions increases in the future.

  • Theorie und Empirie steigender Lebenserwartung, Nachreservierung und „Umverteilung“ in der privaten Rentenversicherung
    Zeitschrift für die gesamte Versicherungswissenschaft, 2001
    Co-Authors: Johannes Leinert, Gert G. Wagner
    Abstract:

    Eine unerwartet steigende Lebenserwartung führt bei privaten kapitalgedeckten Rentenversicherungsverträgen zu sinkenden Rentenzahlungen und/oder einer Belastung des Versicherungsunternehmens, das verschiedene Möglichkeiten hat, dieser Belastung zu entgegnen. Für Deutschland wird anhand der Umstellung der Rechungsgrundlagen auf die Sterbetafel DAV 1994 R wird für Deutschland gezeigt, dass es zu einer nicht unbeträchtlichen Quersubventionierung der Rentenbezieher durch die jüngeren Versicherten kam. Diese Quersubventionierung wird im Hinblick auf die steigende Bedeutung privater Altersvorsorge diskutiert. An unexpected increase in life expectancy has implications for private pensions (annuities). These can be offset by reducing pension payments, Cross-Subsidization of the pension payments, risk-taking of insurance companies or combining these policies. An empirical study of the German market for annuities shows that most of the companies under investigation dealt with the problem of an unexpected increase of life expectation in the 90ies by significant Cross-Subsidization of the pension payments from young policy holders. This paper discusses the implications such policies can have when the importance of private pensions increases in the future.

  • Probleme einer steigenden Lebenserwartung in der privaten Rentenversicherung: Theorie und Empirie für Deutschland
    2001
    Co-Authors: Johannes Leinert, Gert G. Wagner
    Abstract:

    An unexpected increase in life expectancy has implications for private pensions (annuities). These can be offset by reducing pension payments, Cross-Subsidization of the pension payments, risk-taking of insurance companies or combining these policies. An empirical study of the German market of annuities shows that most of the companies under investigation dealt with the problem of an unexpected increase of life expectation in the 90ies by significant Cross-Subsidization of the pension payments from young policy holders. This paper discusses the implications such polices can have when the importance of private pensions increases in the future. Eine unerwartet steigende Lebenserwartung fuhrt bei privaten kapitalgedeckten Rentenversicherungsvertragen zu sinkenden Rentenzahlungen und/oder einer Belastung des Versicherungsunternehmens, das verschiedene Moglichkeiten hat, dieser Belastung zu entgegnen. Fur Deutschland wird anhand der Umstellung der Rechungsgrundlagen auf die Sterbetafel DAV 1994 R gezeigt, dass es zu einer nicht unbetrachtlichen Quersubventionierung der Rentenbezieher durch die jungeren Versicherten kam. Diese Quersubventionierung wird im Hinblick auf die steigende Bedeutung privater Altersvorsorge diskutiert.

  • Probleme einer steigenden Lebenserwartung in der privaten Rentenversicherung : Theorie und Empirie für Deutschland
    2001
    Co-Authors: Johannes Leinert, Gert G. Wagner
    Abstract:

    An unexpected increase in life expectancy has implications for private pensions (annuities). These can be offset by reducing pension payments, Cross-Subsidization of the pension payments, risk-taking of insurance companies or combining these policies. An empirical study of the German market of annuities shows that most of the companies under investigation dealt with the problem of an unexpected increase of life expectation in the 90ies by significant Cross-Subsidization of the pension payments from young policy holders. This paper discusses the implications such polices can have when the importance of private pensions increases in the future.

Alan C. Monheit - One of the best experts on this subject based on the ideXlab platform.

  • Cross-Subsidization in the market for employment-related health insurance.
    Health Economics, 2000
    Co-Authors: Alan C. Monheit, Thomas M. Selden
    Abstract:

    This paper uses data from the 1987 National Medical Expenditure Survey to examine the nature of equilibrium in the market for employment-related health insurance. We examine coverage generosity, premiums, and insurance benefits net of expenditures on premiums, showing that despite a degree of market segmentation, there was a substantial amount of pooling of heterogeneous risks in 1987 among households with employment-related coverage. Our results are largely invariant to (i) firm size and (ii) whether or not employers offer a choice among plans. Our results suggest the need for caution concerning incremental reforms that would weaken the link between employment and insurance without substituting alternative institutions for the pooling of risks. Copyright © 2000 Published in 2000 by John Wiley & Sons, Ltd.

  • Cross-Subsidization in the market for employment-related health insurance.
    Health economics, 2000
    Co-Authors: Alan C. Monheit, Thomas M. Selden
    Abstract:

    This paper uses data from the 1987 National Medical Expenditure Survey to examine the nature of equilibrium in the market for employment-related health insurance. We examine coverage generosity, premiums, and insurance benefits net of expenditures on premiums, showing that despite a degree of market segmentation, there was a substantial amount of pooling of heterogeneous risks in 1987 among households with employment-related coverage. Our results are largely invariant to (i) firm size and (ii) whether or not employers offer a choice among plans. Our results suggest the need for caution concerning incremental reforms that would weaken the link between employment and insurance without substituting alternative institutions for the pooling of risks.

Johannes Leinert - One of the best experts on this subject based on the ideXlab platform.

  • Problems of Increasing Life Expectancy in Private Insurance - Theory and Practice for Germany
    SSRN Electronic Journal, 2001
    Co-Authors: Gert G. Wagner, Johannes Leinert
    Abstract:

    An unexpected increase in life expectancy has implications for private pensions (annuities). These can be offset by reducing pension payments, Cross-Subsidization of the pension payments, risk-taking of insurance companies or combining these policies. An empirical study of the German market of annuities shows that most of the companies under investigation dealt with the problem of an unexpected increase of life expectation in the 90ies by significant Cross-Subsidization of the pension payments from young policy holders. This paper discusses the implications such polices can have when the importance of private pensions increases in the future.

  • Theorie und Empirie steigender Lebenserwartung, Nachreservierung und „Umverteilung“ in der privaten Rentenversicherung
    Zeitschrift für die gesamte Versicherungswissenschaft, 2001
    Co-Authors: Johannes Leinert, Gert G. Wagner
    Abstract:

    Eine unerwartet steigende Lebenserwartung führt bei privaten kapitalgedeckten Rentenversicherungsverträgen zu sinkenden Rentenzahlungen und/oder einer Belastung des Versicherungsunternehmens, das verschiedene Möglichkeiten hat, dieser Belastung zu entgegnen. Für Deutschland wird anhand der Umstellung der Rechungsgrundlagen auf die Sterbetafel DAV 1994 R wird für Deutschland gezeigt, dass es zu einer nicht unbeträchtlichen Quersubventionierung der Rentenbezieher durch die jüngeren Versicherten kam. Diese Quersubventionierung wird im Hinblick auf die steigende Bedeutung privater Altersvorsorge diskutiert. An unexpected increase in life expectancy has implications for private pensions (annuities). These can be offset by reducing pension payments, Cross-Subsidization of the pension payments, risk-taking of insurance companies or combining these policies. An empirical study of the German market for annuities shows that most of the companies under investigation dealt with the problem of an unexpected increase of life expectation in the 90ies by significant Cross-Subsidization of the pension payments from young policy holders. This paper discusses the implications such policies can have when the importance of private pensions increases in the future.

  • Probleme einer steigenden Lebenserwartung in der privaten Rentenversicherung: Theorie und Empirie für Deutschland
    2001
    Co-Authors: Johannes Leinert, Gert G. Wagner
    Abstract:

    An unexpected increase in life expectancy has implications for private pensions (annuities). These can be offset by reducing pension payments, Cross-Subsidization of the pension payments, risk-taking of insurance companies or combining these policies. An empirical study of the German market of annuities shows that most of the companies under investigation dealt with the problem of an unexpected increase of life expectation in the 90ies by significant Cross-Subsidization of the pension payments from young policy holders. This paper discusses the implications such polices can have when the importance of private pensions increases in the future. Eine unerwartet steigende Lebenserwartung fuhrt bei privaten kapitalgedeckten Rentenversicherungsvertragen zu sinkenden Rentenzahlungen und/oder einer Belastung des Versicherungsunternehmens, das verschiedene Moglichkeiten hat, dieser Belastung zu entgegnen. Fur Deutschland wird anhand der Umstellung der Rechungsgrundlagen auf die Sterbetafel DAV 1994 R gezeigt, dass es zu einer nicht unbetrachtlichen Quersubventionierung der Rentenbezieher durch die jungeren Versicherten kam. Diese Quersubventionierung wird im Hinblick auf die steigende Bedeutung privater Altersvorsorge diskutiert.

  • Probleme einer steigenden Lebenserwartung in der privaten Rentenversicherung : Theorie und Empirie für Deutschland
    2001
    Co-Authors: Johannes Leinert, Gert G. Wagner
    Abstract:

    An unexpected increase in life expectancy has implications for private pensions (annuities). These can be offset by reducing pension payments, Cross-Subsidization of the pension payments, risk-taking of insurance companies or combining these policies. An empirical study of the German market of annuities shows that most of the companies under investigation dealt with the problem of an unexpected increase of life expectation in the 90ies by significant Cross-Subsidization of the pension payments from young policy holders. This paper discusses the implications such polices can have when the importance of private pensions increases in the future.

Hsihui Chang - One of the best experts on this subject based on the ideXlab platform.

  • Financial Considerations and Technology Investment Patterns in a Network Industry
    Technology in Society, 2009
    Co-Authors: Sumit K. Majumdar, Sujoy Chakravarty, Hsihui Chang
    Abstract:

    In this study, based on the reasoning that financial considerations in influence investment patterns within the context of a network industry, we evaluate the effects of lower access prices and cross subsidization on investments in bandwidth-expanding technology by local exchange carriers in the United States. Lower access prices and greater cross subsidization augment cash flow, and the availability of financial resources can be an important determinant of firms' investment strategies. We examine investments by firms in ISDN technology, the initial technology that enabled the communications sector firms we study to increase bandwidth and provide for greater access to the Internet for customers. Using recent five years' data, we identify access prices and cross subsidization as playing a key role in significant influencing investment in this new technology.

  • Financial considerations and technology investment patterns in a network industry
    Technology in Society, 2009
    Co-Authors: Sumit K. Majumdar, Sujoy Chakravarty, Hsihui Chang
    Abstract:

    Abstract In this study we examine the role that financial considerations play in influencing investment patterns within a network industry. Specifically, we evaluate the effects of lower access prices (the costs of connectivity) and Cross-Subsidization on investments in technology to expand the bandwidth provided by local exchange carriers in the United States. Lower access prices and greater Cross-Subsidization increase cash flow, and the availability of additional financial resources can be an important determinant of firms’ investment strategies. We examine investments by firms in Integrated Services Digital Network (ISDN) technology, the initial technology that enabled the firms we studied to increase their bandwidth and provide their customers with greater access to the Internet. Using data from 1994 to 1998, we found that lower access prices and Cross-Subsidization played key roles in increasing cash flow, which in turn facilitated investment in the new ISDN technology. This phenomenon has implications for both corporate strategy and public policy affecting investment in new technologies.