How Does Demography affect Long-Term Care Expenditures Projections?
AbstractThis study examines the sensitivity of future long-term-care demand and expenditure estimates to "official" demographic projections in four selected European countries: Germany, Spain, Italy and the United Kingdom. It uses standardised methodology in the form of a macro-simulation exercise and finds evidence for significant differences in assumptions about demographic change and its effect on the demand for long-term care, and on relative and absolute long-term care expenditure. It concludes that mortality-rate assumptions can have a considerable influence on welfare policy planning. Relative dispersion between country-specific and Eurostat official estimates was found to be higher for the United Kingdom and Germany than for Italy and Spain, suggesting that demographic projections had a greater influence in those countries.
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Bibliographic InfoPaper provided by FEDEA in its series Studies on the Spanish Economy with number 231.
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-03-24 (All new papers)
- NEP-EEC-2007-03-24 (European Economics)
- NEP-HEA-2007-03-24 (Health Economics)
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- Joan Costa-Font & Concepcio Patxot, 2004.
"The Intergenerational Impact of Long-term Care Financing Alternatives in Spain,"
The Geneva Papers on Risk and Insurance,
The International Association for the Study of Insurance Economics, vol. 29(4), pages 599-619, October.
- Joan Costa-Font & Concepcio Patxot, 2004. "The Intergenerational Impact of Long-term Care Financing Alternatives in Spain," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan, vol. 29(4), pages 599-619, October.
- Francesco C. Billari & Hans-Peter Kohler, 2002. "Patterns of lowest-low fertility in Europe," MPIDR Working Papers WP-2002-040, Max Planck Institute for Demographic Research, Rostock, Germany.
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