|Can the government incentivize the purchase of private long-term care insurance? Evidence from the Partnership for Long-Term Care
|Year of Publication
|Applied Economics Letters
|Medicare/Medicaid/Health Insurance, Net Worth and Assets, Risk Taking
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.
Times Cited: 0
Partnership for Long-Term Care/long-term care insurance/risk aversion/financial planning horizon