Nursing home aversion post-pandemic: Implications for savings and long-term care policy

Bertrand Achou (), Philippe De Donder, Franca Glenzer (), Minjoon Lee and Marie-Louise Leroux
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Bertrand Achou: HEC Montréal - HEC Montréal
Franca Glenzer: HEC Montréal - HEC Montréal

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Abstract: COVID-19 outbreaks at nursing homes during the recent pandemic have received ample media coverage and may have lasting negative impacts on individuals' perception of nursing homes. We argue that this could have sizable and persistent implications for savings and long-term care policies. Our theoretical model predicts that higher nursing home aversion should induce higher savings and stronger support for policies subsidizing home care. Based on a survey of Canadians aged 50 to 69, we document that higher nursing home aversion is widespread: 72% of respondents are less inclined to enter a nursing home because of the pandemic. Consistent with our model, we find that these respondents are more likely to have higher intended savings for old age because of the pandemic. We also find that they are more likely to strongly support home care subsidies.

Keywords: Pandemic risk; Nursing home; Long-term care; Savings; Public policy (search for similar items in EconPapers)
Date: 2022-09
New Economics Papers: this item is included in nep-age and nep-hea
Note: View the original document on HAL open archive server: https://hal.science/hal-03917920v1
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Published in Journal of Economic Behavior and Organization, 2022, 201, pp.1 - 21. ⟨10.1016/j.jebo.2022.06.034⟩

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Related works:
Journal Article: Nursing home aversion post-pandemic: Implications for savings and long-term care policy (2022)
Working Paper: Nursing Home Aversion Post-Pandemic: Implications for Savings and Long-Term Care Policy (2021)
Working Paper: Nursing home aversion post-pandemic: Implications for savings and long-term care policy (2021)
Working Paper: Nursing home aversion post-pandemic: Implications for savings and long-term care policy (2021)
Working Paper: Nursing home aversion post-pandemic: Implications for savings and long-term care policy (2021)
Working Paper: Nursing home aversion post-pandemic: Implications for savings and long-term care policy (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03917920

DOI: 10.1016/j.jebo.2022.06.034

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