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https://doi.org/10.3326/pse.42.1.3

On the road again: traffic fatalities and auto insurance minimums

Pavel A. Yakovlev   ORCID icon orcid.org/0000-0003-0447-1726 ; Department of Economics and Finance, Duquesne University, Pittsburgh, USA
Christina M. Orr-Magulick ; Gordon Rees Scully Mansukhani, Pittsburgh, USA

Puni tekst: engleski, pdf (522 KB) str. 45-65 preuzimanja: 165* citiraj
APA 6th Edition
Yakovlev, P.A. i Orr-Magulick, C.M. (2018). On the road again: traffic fatalities and auto insurance minimums. Public Sector Economics, 42 (1), 45-65. https://doi.org/10.3326/pse.42.1.3
MLA 8th Edition
Yakovlev, Pavel A. i Christina M. Orr-Magulick. "On the road again: traffic fatalities and auto insurance minimums." Public Sector Economics, vol. 42, br. 1, 2018, str. 45-65. https://doi.org/10.3326/pse.42.1.3. Citirano 27.09.2020.
Chicago 17th Edition
Yakovlev, Pavel A. i Christina M. Orr-Magulick. "On the road again: traffic fatalities and auto insurance minimums." Public Sector Economics 42, br. 1 (2018): 45-65. https://doi.org/10.3326/pse.42.1.3
Harvard
Yakovlev, P.A., i Orr-Magulick, C.M. (2018). 'On the road again: traffic fatalities and auto insurance minimums', Public Sector Economics, 42(1), str. 45-65. https://doi.org/10.3326/pse.42.1.3
Vancouver
Yakovlev PA, Orr-Magulick CM. On the road again: traffic fatalities and auto insurance minimums. Public Sector Economics [Internet]. 2018 [pristupljeno 27.09.2020.];42(1):45-65. https://doi.org/10.3326/pse.42.1.3
IEEE
P.A. Yakovlev i C.M. Orr-Magulick, "On the road again: traffic fatalities and auto insurance minimums", Public Sector Economics, vol.42, br. 1, str. 45-65, 2018. [Online]. https://doi.org/10.3326/pse.42.1.3

Sažetak
Prior research on policy-induced moral hazard effects in the auto insurance market has focused on the impact of compulsory insurance, no-fault liability, and tort liability laws on traffic fatalities. In contrast, this paper examines the moral hazard effect of a previously overlooked policy variable: minimum auto insurance coverage. We hypothesize that state-mandated auto insurance minimums may “over-insure” some drivers, lowering their incentives to drive carefully. Using a longitudinal panel of American states from 1982 to 2006, we find that policy-induced increases in auto insurance minimums are associated with higher traffic fatality rates, ceteris paribus.

Ključne riječi
traffic fatalities; auto insurance; minimums; moral hazard

Hrčak ID: 195244

URI
https://hrcak.srce.hr/195244

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