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


  • 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.)


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

Suggested Citation

  • Christophe Courbage & Nolwenn Roudaut, 2008. "Empirical Evidence on Long-term Care Insurance Purchase in France*," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 33(4), pages 645-658, October.
  • Handle: RePEc:pal:gpprii:v:33:y:2008:i:4:p:645-658

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    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. 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.
    2. Martin Boyer & Philippe Donder & Claude Fluet & Marie-Louise Leroux & Pierre-Carl Michaud, 2019. "Long-term care risk misperceptions," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(2), pages 183-215, April.
    3. Roméo Fontaine & Manuel Plisson & Jérôme Wittwer & Nina Zerrar, 2012. "Perception du risque dépendance et demande d'assurance : une analyse à partir de l'enquête PATER," Post-Print hal-01686603, HAL.
    4. Bénédicte H. Apouey, 2018. "Les attentes en termes de services pour les seniors : le rôle de l’altruisme et de l’anticipation de la dépendance," Revue française d'économie, Presses de Sciences-Po, vol. 0(2), pages 15-74.
    5. 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.
    6. repec:dau:papers:123456789/6796 is not listed on IDEAS
    7. repec:dau:papers:123456789/10722 is not listed on IDEAS
    8. 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.
    9. repec:dau:papers:123456789/11723 is not listed on IDEAS
    10. 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.
    11. Thomas Url, 2011. "Private Versicherungen als Finanzierungsquelle für den Pflegebedarf im Alter," WIFO Studies, WIFO, number 41358, Juni.

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