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dc.contributor.authorNghiem, Son
dc.contributor.authorGraves, Nicholas
dc.date.accessioned2019-11-27T05:35:30Z
dc.date.available2019-11-27T05:35:30Z
dc.date.issued2019
dc.identifier.issn0313-5926
dc.identifier.doi10.1016/j.eap.2019.09.008
dc.identifier.urihttp://hdl.handle.net/10072/389279
dc.description.abstractThis study estimates the effects of moral hazard and selection bias in private insurance by exploiting the unique characteristics of private health insurance in Australia using a longitudinal data of about 37,000 individuals. We estimate determinants of private health insurance status and health service consumption together as a system to control for individual unobserved effects. We also take into account the evolution of the health production process by controlling for the lagged dependent variables. We found that risk-averse individuals were more likely to purchase private health insurance, suggesting an advantageous selection. There is also evidence of ex-post moral hazard as privately insured individuals consumed more health services. Controlling for the lagged health service consumption reduces the magnitude of moral hazard considerably. The presence of advantageous selection and moral hazard in private health insurance indicates that the Australian healthcare system can be more efficient by increasing coverage and monitoring consumption.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherElsevier
dc.publisher.placeAustralia
dc.relation.ispartofpagefrom259
dc.relation.ispartofpageto265
dc.relation.ispartofjournalEconomic Analysis and Policy
dc.relation.ispartofvolume64
dc.subject.fieldofresearchApplied Economics
dc.subject.fieldofresearchEconomics
dc.subject.fieldofresearchcode1402
dc.subject.fieldofresearchcode14
dc.titleSelection bias and moral hazard in the Australian private health insurance market: Evidence from the Queensland skin cancer database
dc.typeJournal article
dc.type.descriptionC1 - Articles
dcterms.bibliographicCitationNghiem, S; Graves, N, Selection bias and moral hazard in the Australian private health insurance market: Evidence from the Queensland skin cancer database, Economic Analysis and Policy, 2019, 64, pp. 259-265
dcterms.licensehttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.date.updated2019-11-19T05:39:18Z
dc.description.versionAccepted Manuscript (AM)
gro.rights.copyright© 2019 Economic Society of Australia, Queensland. Published by Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Licence (http://creativecommons.org/licenses/by-nc-nd/4.0/) which permits unrestricted, non-commercial use, distribution and reproduction in any medium, providing that the work is properly cited.
gro.hasfulltextFull Text
gro.griffith.authorNghiem, Son H.


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