Long‐Term Care: the State, the Market and the Family

Pierre Pestieau and Motohiro Sato

Economica, 2008, vol. 75, issue 299, 435-454

Abstract: In this paper we study the optimal design of a long term care policy in a setting that includes three types of care to dependent parents: public nursing, private nursing and assistance in time by children. Private nursing can be financed either by financial aid from children or by private insurance. The social planner can use a number of instruments: public nursing, subsidy to aiding children, subsidy to private insurance premiums, all financed by a flat tax on earnings.

Date: 2008
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https://doi.org/10.1111/j.1468-0335.2007.00615.x

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Working Paper: Long term care: the state, the market and the family (2004)
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