The economics of long-term care: a survey

Helmuth Cremer, Pierre Pestieau and Gregory Ponthiere

No 2012030, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: This paper surveys recent theoretical economic research on long term care (LTC). LTC differs from health care: it is about nursing; it is mostly provided by unpaid caregivers (mainly spouses and children), whereas both the market and the State play a modest role. The future of LTC appears to be gloomy: sustained population ageing and recent societal trends (e.g., children's mobility, changes in family values) generate a mounting demand on the State and on the market to provide alternatives to the family. In this paper, we review these causes, and the extent to which we can expect them to fade away in the future. We then turn to the design of a sustainable public LTC scheme integrating both the market and the family.

Keywords: long term care; social insurance; dependence; family solidarity (search for similar items in EconPapers)
JEL-codes: I11 I12 I18 J14 (search for similar items in EconPapers)
Date: 2012-07-25
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (90)

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Working Paper: The economics of long-term care: a survey (2012)
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