La disponibilità a pagare per la copertura del rischio di non autosufficienza: analisi econometrica e valutazioni di policy
AbstractIn response to the increasing demand for elderly care, Italy has experienced an intense debate on what should be the most appropriate way to extend coverage for long-term care (LTC). This paper bridges a gap into existing literature by analysing household preferences for LTC coverage in light of an ad hoc survey. We present evidence on household stated willingness to pay (WTP) both for tax financed and private LTC insurance schemes. The distribution of WTP across different socio-economic groups provides insights on the political sustainability of the different institutional solutions. Moreover, estimates of the determinants of demand highlights the importance of income levels and opinion indicators in turning consumer preferences either to public or private schemes. We interpret the different patterns of WTP as evidence of the influence of the redistributive effects inherent to public insurance.
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Bibliographic InfoPaper provided by Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia in its series Working Paper CRENoS with number 200305.
Date of creation: 2003
Date of revision:
health insurance; long term care; willingness to pay;
Other versions of this item:
- Brau Rinaldo & Fiorentini Gianluca & Lippi Bruni Matteo & Pinna Anna Maria, 2004. "La disponibilità a pagare per la copertura del rischio di non autosufficienza: analisi econometrica e valutazioni di "policy"," Politica economica, Società editrice il Mulino, issue 3, pages 357-388.
- H40 - Public Economics - - Publicly Provided Goods - - - General
- I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
- I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
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