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This section contains information about all of the projects and researchers that have been funded through the Investigator Awards program since the first grants were made in 1993. The indexes in this section can be used to identify investigators by name, area of expertise, or year of award. Throughout the site, you will find that each investigator’s name links to details including contact and project information.
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Amy N. Finkelstein, Ph.D., M.Phil.
Amy N. Finkelstein, Ph.D., M.Phil.
Professor
Department of Economics
Massachusetts Institute of Technology
Email: afink@mit.edu
Discipline: Economics
Expertise: Health Economics

Insurance

Investigator Award:
Explaining the Limited Size of the Private Long-Term Care Insurance Market: The Effect of Public Insurance and Tax Policy
with Jeffrey R. Brown, Ph.D., M.P.P.
Award Year: 2003

This Investigator Award project, Explaining the Limited Size of the Private Long-Term Care Insurance Market, tests economic theories to understand why most people choose not to purchase long-term care insurance, instead paying for care out of pocket. Drs. Brown and Finkelstein explore how the pricing of insurance policies and the availability of Medicaid coverage for those who are eligible influence decisions on whether to purchase long-term care insurance. They try to delineate how public policy can be used to increase demand for coverage, particularly as baby boomers age and medical costs rise. In addition, they will examine the possible effects of proposed reforms on the size of the market for longterm care insurance.

Background:

Amy N. Finkelstein is a professor of economics at MIT and NBER Faculty Research Fellow in the Public Economics, Aging, and Health Care Programs. Her research is directed toward market failures and government intervention in insurance markets, and the impact of public policy on the health care sector, particularly on the development and diffusion of medical technology. She received her A.B. in government from Harvard University and her Ph.D. in Economics from MIT.

Finkelstein received the Zvi Griliches Fellowship at the NBER for the academic year 2007/8. She was the 2003 recipient of the Geneva Association's Ernst Meyer Prize "for an outstanding contribution by a young academic to the field of insurance and risk management research."

Book Chapters:
Brown, J.R., Coe, N.B., Finkelstein, A., Medicaid Crowd-Out of Private Long-Term Care Insurance Demand: Evidence from the Health and Retirement Survey. In Tax Policy and the Economy, Volume 21, ed. Poterba, J.M. The MIT Press, 1-34, 2007.
Selected Journal Articles:
Brown, J.R., Finkelstein, A. The Interaction of Public and Private Insurance: Medicaid and the Long-Term Care Insurance Market, American Economic Review, 2008, 98, 3, 1083-102.
Brown, J.R., Finkelstein, A. Why is the Market for Long-Term Care Insurance so Small?, J of Public Economics, 2007, 91, 10, 1967-91.
Finkelstein, A., McGarry, K. Multiple Dimensions of Private Information: Evidence from the Long-Term Care Insurance Market, American Economic Review, 2006, 96, 4, 938-58.
Finkelstein, A., McGarry, K., Sufi, A. Dynamic Inefficiencies in Insurance Markets: Evidence from Long-Term Care Insurance, American Economic Review, 2005, 95, 2, 224-8.
Brown, J.R., Finkelstein, A. The Interaction of Public and Private Insurance: Medicaid and the Long-Term Care Insurance Market, NBER Working Paper , Dec 2004, 10989.
»Open Abstract
0(nber.org)
Brown, J.R., Finkelstein, A. Supply or Demand: Why Is the Market for Long-Term Care Insurance So Small?, NBER Working Paper , Sep 2004, 10782.
»Open Abstract
0(nber.org)