Long-Term Care, Altruism and Socialization

Gregory Ponthiere

PSE Working Papers from HAL

Abstract: The public provision of long-term care (LTC) can replace family-provided LTC when adults are not sufficiently altruistic towards their elderly parents. But State intervention can also modify the transmission of values and reduce the long-run prevalence of family altruism in the population. That evolutionary effect questions the desirability of the LTC public provision. To characterize the optimal LTC policy, we develop a three-period OLG model where the population is divided into altruistic and non-altruistic agents, and where the transmission of (non) altruism takes place through a socialization process à la Bisin and Verdier (2001). The optimal short-run and long-run LTC policies are shown to differ, to an extent varying with the particular socialization mechanism at work.

Keywords: long-term care; altruism; socialization; optimal policy; crowding out effect (search for similar items in EconPapers)
Date: 2011-09
New Economics Papers: this item is included in nep-age, nep-cbe, nep-dge and nep-hea
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00622385v1
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Long-Term Care, Altruism and Socialization (2013)
Working Paper: Long-Term Care, Altruism and Socialization (2013)
Working Paper: Long-Term Care, Altruism and Socialization (2013)
Journal Article: Long Term Care, Altruism and Socialization (2012)
Working Paper: Long-Term Care, Altruism and Socialization (2011)
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