IDEAS home Printed from https://ideas.repec.org/a/pal/gpprii/v33y2008i4p673-693.html
   My bibliography  Save this article

Relative Income and Attitudes towards Long-Term Care Financing

Author

Listed:
  • Joan Costa-Font

    (European Institute & LSE Health, London School of Economics, Cowdray House, Houghton Street, London WC2A 2AE, U.K.)

  • Anna Garcia-Gonzalez

    (CAEPS, University of Barcelona, Diagonal 690 Catalonia, Barcelona 08034, Spain.)

  • Montserrat Font-Vilalta

    (Universitat de Barcelona, Barcelona, Catalonia, Spain.)

Abstract

Understanding economic motivations underlying attitudes towards long-term care (LTC) financing alternatives is important for both public and private insurance design. This paper empirically explores for the first time, using survey data, the empirical validity of individual absolute and relative income (affluence) as explaining attitudes towards the financing of LTC in Spain in 2002, after controlling for professional, institutional and personal characteristics. We find that more affluent individuals prove to be less likely to support state responsibility for LTC after controlling for other institutional determinants and are less enthusiastic about social insurance. While attitudes towards state responsibility are negatively associated with relative income, attitudes towards social insurance and other funding alternatives are found to be driven by absolute income. Finally, evidence suggests that income-related attitudes appear to concentrate in the age group close to retirement who arguably have already saved for old age needs. The Geneva Papers (2008) 33, 673–693. doi:10.1057/gpp.2008.32

Suggested Citation

  • Joan Costa-Font & Anna Garcia-Gonzalez & Montserrat Font-Vilalta, 2008. "Relative Income and Attitudes towards Long-Term Care Financing," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 33(4), pages 673-693, October.
    • Handle: RePEc:pal:gpprii:v:33:y:2008:i:4:p:673-693
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/gpp/journal/v33/n4/pdf/gpp200832a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/gpp/journal/v33/n4/full/gpp200832a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

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


    Cited by:

    1. Hayo, Bernd & Ono, Hiroyuki, 2011. "Livelihood and care of the elderly: Determinants of public attitudes in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 25(1), pages 76-98, March.
    2. Oliver Schnusenberg & Chung-Ping Loh & Katrin Nihalani, 2013. "The Role of Financial Wellbeing, Sociopolitical Attitude, Self-Interest, and Lifestyle in One’s Attitude Toward Social Health Insurance," Applied Health Economics and Health Policy, Springer, vol. 11(4), pages 369-381, August.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:gpprii:v:33:y:2008:i:4:p:673-693. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.