Long-Term Care: the State, the Market and the Family
In this paper we study the optimal design of a long term care policy in a setting that includes three types of care to dependent parents: public nursing, private nursing and assistance in time by children. Private nursing can be financed either by financial aid from children or by private insurance. The social planner can use a number of instruments: public nursing, subsidy to aiding children, subsidy to private insurance premiums, all financed by a flat tax on earnings. Copyright (c) The London School of Economics and Political Science 2007.
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Volume (Year): 75 (2008)
Issue (Month): 299 (08)
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