Keyword: defined contribution
Health Risk is a Matter of Life and Death (6/22/2006)
Health insurance premiums tend to be high for individual policies because of adverse selection and moral hazard.
Keywords: adverse selection, auto insurance, coverage cap, deductible, defined benefit, defined contribution, health insurance, health savings account, moral hazard, policies, premiums, third-party payment
Risk Shifting (6/22/2006)
Defined-contribution pension plans increase labor mobility and facilitate the revival of old businesses in the face of massive industrial restructuring and longer life expectancy.
Keywords: bankruptcy, Chapter 11, defined benefit, defined contribution, IBM, insurance, investment returns, legacy cost, pension plan, PGBC, portability, retirement, risk, risk shifting