Explaining optimistic old age disability and longevity expectations

J Costa-Font, M Costa-Font

Research output: Contribution to journalArticleResearchpeer-review

7 Citations (Scopus)

Abstract

Biased health care decision making has been regarded as responsible for inefficient behaviours (for example, the limited insurance purchase). This paper empirically examines two sets of biases in the perception of old age disability and longevity. Particularly, we test for the existence of a so called cumulative bias and, secondly’ a so called optimism’ bias. Findings are suggestive of a significant overestimation of disability risks but no overestimation of longevity expectations is found. Both disability and longevity perceptions appear to exhibit a ‘cumulative’ pattern when mapped over time. Healthier individuals are less likely to perceive high disability and longevity risks whilst female and younger respondents perceive a higher risk of disability in old age at a population level but not at an individual level.
Original languageEnglish
Pages (from-to)533-544
JournalSocial Indicators Research
Volume104
Issue number3
DOIs
Publication statusPrint publication - Dec 2011
Externally publishedYes

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old age
disability
trend
Insurance
demographic situation
Decision Making
optimism
insurance
purchase
Delivery of Health Care
Old Age
health care
decision making
Population

Cite this

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Explaining optimistic old age disability and longevity expectations. / Costa-Font, J; Costa-Font, M.

In: Social Indicators Research, Vol. 104, No. 3, 12.2011, p. 533-544.

Research output: Contribution to journalArticleResearchpeer-review

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