By George Emery, Herbert Emery

Using cliometric equipment and documents from six grand-lodge information, a tender Man's gain rejects the traditional knowledge approximately pleasant societies and illness coverage, arguing that IOOF resorts have been financially sound associations, have been extra effective than advertisement insurers, and met a industry call for headed through younger males who lacked possible choices to marketplace coverage, no longer older males who had an above-average probability of illness incapacity. Emery and Emery exhibit that many younger males joined the strange Fellows for disease coverage and give up the society as soon as self-insurance - discount rates - or relations assurance - secondary earning from older young children - made it possible for them. The older males, who valued the social advantages of club and didn't desire the ill gain, steadily turned a majority and dismantled the IOOF's coverage provisions.

Show description

Read or Download A Young Man’s Benefit: The Independent Order of Odd Fellows and Sickness Insurance in the United States and Canada, 1860-1929 PDF

Similar insurance books

Pricing the Priceless: A Health Care Conundrum (Walras-Pareto Lectures)

Winner of the 2003 certificates of Excellence awarded through the TIAA-CREF Institute The overall healthiness care differs from so much different industries in that scientific pricing is basically administered via the govt and personal insurers and in that it makes use of different types of contracts. companies may possibly obtain a set sum for all helpful providers inside of a given time period, for the mandatory prone to regard a given , or for every particular provider.

Die Angstmacher: Wie uns die Versicherungswirtschaft abzockt

Kaum etwas ist wichtiger, als die richtige Versicherung - ein gigantisches Geschäft, von dem im Wesentlichen die Unternehmen profitieren. Die Versicherten dagegen werden schlecht informiert, überversichert und im Schadensfall im Stich gelassen. Statt echter Transparenz überschütten die Unternehmen die Kunden mit irreführenden Informationen: So täuschen sie Verbraucher über tatsächlich geleistete Zahlungen, die Risiken einer Geldanlage oder anfallende Gebühren.

Selected Essays on Corporate Reputation and Social Media: Collection of Empirical Evidence

​In 4 empirical stories, this cumulative paintings offers priceless insights for advertising executives of statutory medical health insurance money and social media accountable. Paper I and II offer proof concerning the significance and interaction of rate and company popularity out there of statutory medical insurance.

Applied Health Economics

The 1st variation of utilized future health Economics did knowledgeable task of revealing how the provision of huge scale facts units and the speedy development of complicated econometric recommendations may help healthiness economists and health and wellbeing execs make experience of data larger than ever before.

This moment version has been revised and up to date all through and features a new bankruptcy at the description and modelling of person healthiness care expenses, therefore broadening the book’s readership to these engaged on possibility adjustment and health and wellbeing expertise appraisal. The textual content additionally totally displays the very newest advances within the well-being economics box and the main magazine literature.

Large-scale survey datasets, specifically advanced survey designs reminiscent of panel info, offer a wealthy resource of knowledge for future health economists. they provide the scope to regulate for person heterogeneity and to version the dynamics of person behaviour. even if, the measures of consequence utilized in future health economics are usually qualitative or express. those create particular difficulties for estimating econometric versions. The dramatic development in computing strength over contemporary years has been followed via the advance of equipment that support to unravel those difficulties. the aim of this publication is to supply a pragmatic consultant to the talents required to place those suggestions into practice.

Practical purposes of the equipment are illustrated utilizing facts on overall healthiness from the British healthiness and way of life Survey (HALS), the British family Panel Survey (BHPS), the ecu group family Panel (ECHP), the USA clinical Expenditure Panel Survey (MEPS) and Survey of health and wellbeing, getting older and Retirement in Europe (SHARE). there's a powerful emphasis on utilized paintings, illustrating using proper software program with code supplied for Stata. Familiarity with the elemental syntax and constitution of Stata is thought. The Stata code and extracts from the statistical output are embedded at once on the whole textual content and defined at standard intervals.

The ebook is equipped round empirical case stories, instead of basic concept, and the emphasis is on studying via instance. It provides an in depth dissection of equipment and result of a few fresh study papers written by way of the authors and their colleagues. suitable equipment are offered along the Stata code that may be used to enforce them and the empirical effects are mentioned at every one stage.

This textual content brings jointly the speculation and alertness of health and wellbeing economics and econometrics, and may be a important reference for utilized economists and scholars of health and wellbeing economics and utilized econometrics.

Additional info for A Young Man’s Benefit: The Independent Order of Odd Fellows and Sickness Insurance in the United States and Canada, 1860-1929

Example text

Group insurers prospered, however, by developing a new mass market more than through capture of a traditional market that friendly societies were abandoning. Conversely, rising opportunity costs and self-insurance, not group plans, did most of the damage to the IOOF'S sick benefit. DEFINITIONS Sickness insurance (or disability insurance] replaced part of the insured person's income lost due to a sickness or injury. Friendly societies provided an income replacement benefit. Commercial insurers provided an income replacement indemnity.

Clearly males in post-breadwinner families could afford to buy market insurance for sickness. As aspiring breadwinners, moreover, older sons were likely to do so. We have two incompatible hypotheses for male heads of post-breadwinner families. According to the first, the old man's model, these heads acquired above-average risk of disability as they passed the age of forty. At the same time, market insurance became available to them at a subsidized price. Consequently, their demand for market insurance rose, regardless of whether their older children earned secondary incomes.

The luncheon clubs also exemplified a popular shift to class-specific organizations, at the expense of fraternal orders, which had a cross-class appeal. With the waning popularity of lodge meetings, lodge night became less useful as an occasion for making business contacts. Finally, no doubt some left because they had lost their jobs, or their income had slipped, and they could not afford the dues. To summarize, IOOF lodges were multiple-function organizations. After 1890, moreover, the sick benefit was a declining priority in the bundle of benefits that came with lodge membership.

Download PDF sample

Rated 4.04 of 5 – based on 42 votes