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The economics of long-term care: a survey

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  • CREMER, Helmuth
  • PESTIEAU, Pierre
  • PONTHIERE, Grégory

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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File URL: http://dx.doi.org/10.6027/TN2013-514
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Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers RP with number -2466.

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Handle: RePEc:cor:louvrp:-2466

Note: In : Nordic Economic Policy Review, 2/2012? 107-148, 2012
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Citations

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Cited by:
  1. CREMER, Helmuth & gahvari, Firouz & PESTIEAU, Pierre, 2013. "Uncertain altruism and the provision of long term care," CORE Discussion Papers, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) 2013047, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  2. 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.

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