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The economics of long-term care: a survey

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  • CREMER, Helmuth

    ()
    (Toulouse School of Economics (IDEI, GREMAQ and Iuf), France)

  • PESTIEAU, Pierre

    ()
    (Université catholique de Louvain, CORE, B-1348 Louvain-la-Neuve, Belgium; CREPP, Université de Liège, Belgium; IDEI, Toulouse School of Economics, France)

  • PONTHIERE, Grégory

    ()
    (Ecole Normale Supérieure, Paris - Paris School of Economics)

Abstract

This paper surveys recent theoretical economic research on long term care (LTC). LTC differs from health care: it is about nursing; it is mostly provided by unpaid caregivers (mainly spouses and children), whereas both the market and the State play a modest role. The future of LTC appears to be gloomy: sustained population ageing and recent societal trends (e.g., children's mobility, changes in family values) generate a mounting demand on the State and on the market to provide alternatives to the family. In this paper, we review these causes, and the extent to which we can expect them to fade away in the future. We then turn to the design of a sustainable public LTC scheme integrating both the market and the family.

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Bibliographic Info

Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 2012030.

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Date of creation: 25 Jul 2012
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Handle: RePEc:cor:louvco:2012030

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Keywords: long term care; social insurance; dependence; family solidarity;

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Cited by:
  1. M. Lippi Bruni & C. Ugolini, 2013. "Delegating home care for the elderly to external caregivers? An empirical study on Italian data," Working Papers wp905, Dipartimento Scienze Economiche, Universita' di Bologna.
  2. CREMER, Helmuth & gahvari, Firouz & PESTIEAU, Pierre, 2013. "Uncertain altruism and the provision of long term care," CORE Discussion Papers 2013047, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

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