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Social Insurance for Long-Term Care with Deductible and Linear Contributions

Author

Listed:
  • Justina Klimaviciute
  • Pierre Pestieau

Abstract

With the rapid increase in long-term care (LTC) needs, the negligible role of the market, and the declining role of informal family care, one might expect that the government would take a more proactive role in the support of dependent elderly, particularly those who cannot, whatever the reason, count on assistance from their family. The purpose of this paper is to analyze the possibility of designing a sustainable public LTC scheme that would meet a widespread concern, that about going bankrupt and being unable to bequeath any saving to one's children.

Suggested Citation

  • Justina Klimaviciute & Pierre Pestieau, 2018. "Social Insurance for Long-Term Care with Deductible and Linear Contributions," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 74(1), pages 88-108, March.
  • Handle: RePEc:mhr:finarc:urn:sici:0015-2218(201803)74:1_88:siflcw_2.0.tx_2-s
    DOI: 10.1628/001522118X15084133837809
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    Citations

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    Cited by:

    1. Justina Klimaviciute & Pierre Pestieau & Jérôme Schoenmaeckers, 2020. "Long‐Term Care Insurance With Family Altruism: Theory and Empirics," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 87(4), pages 895-918, December.
    2. Rong Peng & Xueqin Deng & Yinghua Xia & Bei Wu, 2022. "Assessing the Sustainability of Long-Term Care Insurance Systems Based on a Policy–Population–Economy Complex System: The Case Study of China," IJERPH, MDPI, vol. 19(11), pages 1-17, May.

    More about this item

    Keywords

    long-term care; deductible theorem; capped spending; optimal taxation;
    All these keywords.

    JEL classification:

    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • I13 - Health, Education, and Welfare - - Health - - - Health Insurance, Public and Private
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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