Optimal long-term contracts with disability insurance under limited commitment

DOI10.1016/J.INSMATHECO.2022.02.007MaRDI QIDQ2138619zbMATH OpenOpenAlexFDO

Authors Kyoung Jin Choi, Junkee Jeon, Ho-Seok Lee, Hsuan-Chih Lin

Publication date 12 May 2022

Published in Insurance Mathematics \& Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.insmatheco.2022.02.007

zbMATH Keywords

incentiveslimited commitmenttruth-tellingdisability insurancedynamic contracting

Mathematics Subject Classification ID

Actuarial mathematics (91G05) Contract theory (moral hazard, adverse selection) (91B41)

Recommendations

• Optimal finite horizon contract with limited commitment
• Disability insurance in an optimal pension scheme
• Optimal sickness benefits in a principal-agent model
• Contracting under ex post moral hazard and non-commitment
• Dynamic labor contracts with temporary layoffs and permanent separations

Cites work

• A Continuous-Time Version of the Principal–Agent Problem
• A Model for Reversible Investment Capacity Expansion
• A duality approach to continuous-time contracting problems with limited commitment
• Acquisition of project-specific assets with Bayesian updating
• Efficiency, Equilibrium, and Asset Pricing with Risk of Default
• Exploring the optimal design of an employer-sponsored sickness-disability compensation insurance plan when sickness presenteeism is penalized
• Full backward non-homogeneous semi-Markov processes for disability insurance models: a Catalunya real data application
• Implications of Efficient Risk Sharing without Commitment
• Investment timing with incomplete information and multiple means of learning
• Labor income, borrowing constraints, and equilibrium asset prices
• Market-based incentives
• Optimal Disability Insurance with Moral Hazards: Absenteeism, Presenteeism, and Shirking
• Optimal consumption and savings with stochastic income and recursive utility
• Optimal risk sharing and borrowing constraints in a continuous-time model with limited commitment
• Optimal stopping and perpetual options for Lévy processes
• Optimization of consumption with labor income
• Perpetual American Options Under Lévy Processes
• Persistent private information
• Risk aggregation and stochastic claims reserving in disability insurance
• Self-Enforcing Wage Contracts
• The Rise in the Disability Rolls and the Decline in Unemployment
• Threshold control of mutual insurance with limited commitment
• Valuation and risk assessment of disability insurance using a discrete time trivariate Markov renewal reward process

Cited in

(5)

• Analytic approach for models of optimal retirement with disability risk
• Optimal Disability Insurance with Moral Hazards: Absenteeism, Presenteeism, and Shirking
• Disability insurance in an optimal pension scheme
• Optimal long-term health insurance contracts: characterization, computation, and welfare effects
• Exploring the optimal design of an employer-sponsored sickness-disability compensation insurance plan when sickness presenteeism is penalized

This page was built for publication: Optimal long-term contracts with disability insurance under limited commitment

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2138619)