Long-term care insurance: Does experience matter?
Long-term care insurance: Does experience matter?
复制标题
DOI：
10.1016/j.jhealeco.2015.01.001
复制
发表时间：
2015-03-01
影响因子：
3.5
通讯作者：
Van Houtven, Courtney Harold
中科院分区：
文献类型：
--
作者：
Coe, Norma B.;Skira, Meghan M.;Van Houtven, Courtney Harold
我们研究长期护理（LTC）的经验是否有助于解释长期护理保险（LTCI）的低需求。我们测试，如果对未来的非正式护理收据的期望，继承收据的期望，LTCI购买决定不同的个人的父母或姻亲使用LTC与那些谁没有。我们发现，父母使用养老院降低了期望，一个人的孩子将提供非正式的照顾，与示范效应一致。姻亲使用养老院并没有产生同样的影响，这表明个人对自己衰老轨迹的信息做出了反应。父母或姻亲使用养老院会使LTCI购买概率增加0.8个百分点，父母和姻亲使用之间的反应没有显着差异。从长期信托的经验来看，购买概率的估计增加约为先前估计的税收政策引起的价格下降的一半。(C)2015 Elsevier B.V.版权所有。
We examine whether long-term care (LTC) experience helps explain the low demand for long-term care insurance (LTCI). We test if expectations about future informal care receipt, expectations about inheritance receipt, and LTCI purchase decisions vary between individuals whose parents or in-laws have used LTC versus those who have not. We find parental use of a nursing home decreases expectations that one's children will provide informal care, consistent with the demonstration effect. Nursing home use by in-laws does not have the same impact, suggesting that individuals are responding to information gained about their own aging trajectory. Nursing home use by either a parent or in-law increases LTCI purchase probability by 0.8 percentage points, with no significant difference in response between parents' and in-laws' use. The estimated increase in purchase probability from experience with LTC is about half the previously estimated increase from tax policy-induced price decreases. (C) 2015 Elsevier B.V. All rights reserved.