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The economics of long-term care: a survey

Listed author(s):
  • CREMER, Helmuth

    ()

    (Toulouse School of Economics (IDEI, GREMAQ and Iuf), France)

  • PESTIEAU, Pierre

    ()

    (Université catholique de Louvain, CORE, B-1348 Louvain-la-Neuve, Belgium; CREPP, Université de Liège, Belgium; IDEI, Toulouse School of Economics, France)

  • PONTHIERE, Grégory

    ()

    (Ecole Normale Supérieure, Paris - Paris School of Economics)

This paper surveys recent theoretical economic research on long term care (LTC). LTC differs from health care: it is about nursing; it is mostly provided by unpaid caregivers (mainly spouses and children), whereas both the market and the State play a modest role. The future of LTC appears to be gloomy: sustained population ageing and recent societal trends (e.g., children's mobility, changes in family values) generate a mounting demand on the State and on the market to provide alternatives to the family. In this paper, we review these causes, and the extent to which we can expect them to fade away in the future. We then turn to the design of a sustainable public LTC scheme integrating both the market and the family.

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Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 2012030.

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Date of creation: 25 Jul 2012
Handle: RePEc:cor:louvco:2012030
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