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Long‐Term Care: the State, the Market and the Family
Author(s) -
PESTIEAU PIERRE,
SATO MOTOHIRO
Publication year - 2008
Publication title -
economica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.532
H-Index - 65
eISSN - 1468-0335
pISSN - 0013-0427
DOI - 10.1111/j.1468-0335.2007.00615.x
Subject(s) - subsidy , earnings , private insurance , business , term (time) , public economics , planner , social planner , long term care insurance , social insurance , long term care , labour economics , economics , actuarial science , finance , health insurance , nursing , health care , economic growth , medicine , microeconomics , market economy , physics , quantum mechanics , computer science , programming language
In this paper we study the optimal design of a long term care policy in a setting that includes three types of care to dependent parents: public nursing, private nursing and assistance in time by children. Private nursing can be financed either by financial aid from children or by private insurance. The social planner can use a number of instruments: public nursing, subsidy to aiding children, subsidy to private insurance premiums, all financed by a flat tax on earnings.