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Empirical Evidence on Long-term Care Insurance Purchase in France*

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Listed author(s):
  • Christophe Courbage

    ()

    (The Geneva Association, 53 route de Malagnou, CH – 1208 Geneva.)

  • Nolwenn Roudaut

    ()

    (IREA, Université de Bretagne Sud, 8 rue Montaigne, FR – 56017 Vannes.)

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    Abstract

    While many theoretical arguments have been proposed to explain the decision whether to purchase long-term care (LTC) insurance, little work has been done to study this phenomenon empirically. This article uses cross-sectional data from the newly developed SHARE (Survey of Health, Ageing, and Retirement in Europe) database to estimate the determinants of the probability of purchasing LTC insurance in France. We show that LTC insurance is purchased not only to preserve bequests and to financially protect families in the event of disability, but also to reduce the burden on potential informal care givers. Risk behaviours as well as experience of disability also play a significant role in explaining the demand for LTC insurance in France. The Geneva Papers (2008) 33, 645–658. doi:10.1057/gpp.2008.30

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    Article provided by Palgrave Macmillan & The Geneva Association in its journal The Geneva Papers on Risk and Insurance Issues and Practice.

    Volume (Year): 33 (2008)
    Issue (Month): 4 (October)
    Pages: 645-658

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    Handle: RePEc:pal:gpprii:v:33:y:2008:i:4:p:645-658
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    Cited by:

    1. Plisson, Manuel, 2009. "Assurabilité et développement de l'assurance dépendance," Economics Thesis from University Paris Dauphine, Paris Dauphine University, number 123456789/5064 edited by Lorenzi, Jean-Hervé, October.
    2. Tennyson, Sharon & Yang, Hae Kyung, 2014. "The role of life experience in long-term care insurance decisions," Journal of Economic Psychology, Elsevier, vol. 42(C), pages 175-188.
    3. repec:dau:papers:123456789/11723 is not listed on IDEAS
    4. repec:dau:papers:123456789/10722 is not listed on IDEAS
    5. repec:dau:papers:123456789/6796 is not listed on IDEAS
    6. Courbage, Christophe & Eeckhoudt, Louis, 2012. "On insuring and caring for parents’ long-term care needs," Journal of Health Economics, Elsevier, vol. 31(6), pages 842-850.
    7. Silvia Balia & Rinaldo Brau, 2014. "A Country For Old Men? Long‐Term Home Care Utilization In Europe," Health Economics, John Wiley & Sons, Ltd., vol. 23(10), pages 1185-1212, October.

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