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Health and Long-Term Care

In: Handbook of the Economics of Population Aging

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  • Norton, E.C.

Abstract

This chapter summarizes the recent economic literature on health and long-term care as it relates to population aging. The profound demographic changes taking place in developed countries will require changes in how societies provide and pay for long-term care. Both the supply side and the demand side of the health care markets are undergoing change. This chapter provides a review of the main economic theories and empirical findings about the supply of and demand for long-term care, primarily among the elderly. It also reviews the main features and problems with insurance markets and quality of care. There is a short section that explains new promising data sets available for researchers. This chapter concludes with questions for future research.

Suggested Citation

  • Norton, E.C., 2016. "Health and Long-Term Care," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 951-989, Elsevier.
  • Handle: RePEc:eee:hapoch:v1_951
    DOI: 10.1016/bs.hespa.2016.06.001
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    3. Canta, Chiara & Cremer, Helmuth, 2019. "Long-term care policy with nonlinear strategic bequests," European Economic Review, Elsevier, vol. 119(C), pages 548-566.
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    9. Max Groneck, 2017. "Bequests and Informal Long-Term Care: Evidence from HRS Exit Interviews," Journal of Human Resources, University of Wisconsin Press, vol. 52(2), pages 531-572.
    10. Max Groneck & Frederic Krehl, 2014. "Bequests and Informal Long-Term Care: Evidence from the HRS Exit Interviews," Working Paper Series in Economics 79, University of Cologne, Department of Economics.
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    More about this item

    Keywords

    Long-term care; Informal care; Nursing homes; Home health; Quality of care; Caregiver; Elderly; Insurance; I11; I12; I18; J14;
    All these keywords.

    JEL classification:

    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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