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Introduction of long‐term care insurance in Germany: An economic interpretation
Author(s) -
Goerke Laszlo
Publication year - 1996
Publication title -
international social security review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.349
H-Index - 28
eISSN - 1468-246X
pISSN - 0020-871X
DOI - 10.1111/j.1468-246x.1996.tb01048.x
Subject(s) - term (time) , interpretation (philosophy) , actuarial science , economics , computer science , physics , programming language , quantum mechanics
This paper analyses the introduction of long‐term care insurance in Germany and provides an overview of some of the main arguments. It focuses on economic aspects of the new scheme, namely its impact on efficiency, distribution and employment as well as government budgets. The new insurance is suboptimal on a number of dimensions but not clearly inferior to an alternative discussed in the literature.