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

TitleCan the government incentivize the purchase of private long-term care insurance? Evidence from the Partnership for Long-Term Care
Publication TypeJournal Article
Year of Publication2014
AuthorsGreenhalgh-Stanley, N
JournalApplied Economics Letters
Volume21
Issue8
Pagination541-544
KeywordsMedicare/Medicaid/Health Insurance, Net Worth and Assets, Risk Taking
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.
Notes

Times Cited: 0
Endnote Keywords

Partnership for Long-Term Care/long-term care insurance/risk aversion/financial planning horizon
Endnote ID

999999
Citation Key8077