Can the government incentivize the purchase of private long-term care insurance? Evidence from the Partnership for Long-Term Care

Nadia Greenhalgh-Stanley

Applied Economics Letters, 2014, vol. 21, issue 8, 541-544

Abstract: Using data from the Health and Retirement Study, I show that state adoption of Partnerships for Long-Term Care incentivized the purchase of private long-term care insurance, particularly for households displaying the greatest risk aversion and long-term financial planning horizons.

Date: 2014
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DOI: 10.1080/13504851.2013.872756

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