TY  - SER
AU  - Handel, Benjamin
AU  -  Kolstad, Jonathan
AU  -  Minten, Thomas
AU  -  Spinnewijn, Johannes
TI  - The Socioeconomic Distribution of Choice Quality: Evidence from Health Insurance in the Netherlands
SN  - 2640-205X
PB  - American Economic Review: Insights
KW  -  Actuarial Studies
KW  -  Household Finance
KW  -  Information and Product Quality
KW  -  Insurance Companies
KW  -  Personal Income
KW  - Health Insurance
N2  - We study how choice quality relates to socioeconomic factors, using population-wide data on health insurance choices and utilization in the Netherlands. We document a striking choice quality gradient with respect to socioeconomic status, finding that those with higher income, higher education, and training in quantitative fields make meaningfully better choices. Household income for the top 5 percent of decision-makers, in terms of surplus captured, is almost three times higher than for the bottom 5 percent. When jointly including all factors, education degree and field of study are more important predictors of choice quality than income and other financial variables
UR  - https://www.aeaweb.org/articles?id=10.1257/aeri.20230314
ER  -