Name
Title | ||
|---|---|---|
"Honor thy father and thy mother" or not: uncertain family aid and the design of social long term care insurance. |
Abstract | ||
|---|---|---|
We study the role and the design of long-term care insurance programs when informal care is uncertain; with and without active actuarially-fair private insurance markets against dependency. Three types of public insurance policies are considered: (1) a topping-up scheme, (2) an opting-out scheme, and (3) an opting-out-cum-transfer scheme which combines elements of the first two. A topping-up scheme can never do better than private insurance; opting out and opting-out-cum-transfer schemes can because they provide some insurance against the default of informal care. Long-term care policies have different implications for crowding out. A topping-up policy entails crowding out at both intensive and extensive margins and an opting-out policy leads to crowding out solely at the extensive margin. The opting-out feature of an opting-out-cum-transfer policy too leads to crowding out at the extensive margin, but its transfer element leads to crowding out at the intensive margin and crowding in at the extensive margin. |
Year | DOI | Venue |
|---|---|---|
2020 | 10.1007/s00355-020-01260-4 | SOCIAL CHOICE AND WELFARE |
DocType | Volume | Issue |
Journal | 55.0 | 4 |
ISSN | Citations | PageRank |
0176-1714 | 0 | 0.34 |
References | Authors | |
0 | 3 | |
Name | Order | Citations | PageRank |
|---|---|---|---|
| Chiara Canta | 1 | 0 | 0.34 |
| Helmuth Cremer | 2 | 5 | 1.84 |
| Firouz Gahvari | 3 | 0 | 0.68 |