Long term care: the state and the family
AbstractIn this paper we study the optimal design of a long term care policy in a setting that includes two types of care to dependent parents: financial assistance and assistance in time by children. The instruments are subsidies to aiding children, financed by a flat tax on earnings. The only source of heterogeneity is children's productivity. Parents can influence their children by leaving them gifts before they know whether or not they will need long term care, yet knowing the productivity of the children. The tax-transfer policy is shown to depend on its effect on parental gifts, on children's labor supply, on the distribution of wages and on consumption inequality between parents and children and between children having dependent parents and children having healthy parents.
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Bibliographic InfoPaper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers RP with number -1933.
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Note: In : Annales d'Economie et de Statistique, 83-84(2), 151-166, 2006
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- Cremer, Helmuth & Roeder, Kerstin, 2011.
"Long-term care policy, myopia and redistribution,"
TSE Working Papers, Toulouse School of Economics (TSE)
12-314, Toulouse School of Economics (TSE), revised May 2012.
- Cremer, Helmuth & Roeder, Kerstin, 2013. "Long-term care policy, myopia and redistribution," Munich Reprints in Economics, University of Munich, Department of Economics 20065, University of Munich, Department of Economics.
- Helmuth Cremer & Kerstin Roeder, 2012. "Long-Term Care Policy, Myopia and Redistribution," CESifo Working Paper Series 3843, CESifo Group Munich.
- Cremer, Helmuth & Roeder, Kerstin, 2011. "Long-term care policy, myopia and redistribution," IDEI Working Papers, Institut d'Ã‰conomie Industrielle (IDEI), Toulouse 723, Institut d'Ã‰conomie Industrielle (IDEI), Toulouse, revised May 2012.
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