Family Spillovers of Long-Term Care Insurance

Norma Coe, Gopi Goda and Courtney Van Houtven ()

No 21483, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We examine how long-term care insurance (LTCI) affects family outcomes expected to be sensitive to LTCI, including utilization of informal care and spillover effects on children. An instrumental variables approach allows us to address the endogeneity of LTCI coverage. LTCI coverage induces less informal caregiving, suggesting the presence of intra-family moral hazard. We also find that children are less likely to co-reside or live nearby parents with LTCI and more likely to work full-time, suggesting that significant economic gains from private LTCI could accrue to the younger generation.

JEL-codes: H5 H75 I13 J12 J14 J22 (search for similar items in EconPapers)
Date: 2015-08
New Economics Papers: this item is included in nep-cse, nep-ger, nep-hea, nep-ias and nep-lab
Note: AG CH EH LS PE
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published as Norma Coe & Courtney Van Houtven & Gopi Goda, 2020. "Family Spillovers and Long-Term Care Insurance," Innovation in Aging, vol 4(Supplement_1), pages 686-686.

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