Distributional Effects of Alternative Strategies for Financing Long-Term Services and Supports and Assisting Family Caregivers

Melissa M. Favreault and Richard W. Johnson

Working Papers, Center for Retirement Research at Boston College from Center for Retirement Research

Abstract: We use two historical data sources – the Health and Retirement Study and the Medicare Current Beneficiary Study – to consider the patterns in older Americans’ severe disability and their use of long-term services and supports (LTSS) by age and socioeconomic status. We then use a dynamic microsimulation model to project how the effects of various interventions to support those with severe disabilities and their caregivers would be distributed across the income distribution. The interventions that we examine fall into three broad classes: tax credits for caregiving expenses, respite care for people in the community with family caregivers, and new social insurance programs. Within each broad class of policies, we examine how sensitive outcomes are to changes in policy details (such as, in the case of tax credits, deductible levels, refundability, and income phase-outs).

Pages: 69 pages
Date: 2018-03
New Economics Papers: this item is included in nep-age
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Persistent link: https://EconPapers.repec.org/RePEc:crr:crrwps:wp2018-1

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