Title | Can the government incentivize the purchase of private long-term care insurance? Evidence from the Partnership for Long-Term Care |
Publication Type | Journal Article |
Year of Publication | 2014 |
Authors | Greenhalgh-Stanley, N |
Journal | Applied Economics Letters |
Volume | 21 |
Issue | 8 |
Pagination | 541-544 |
Keywords | Medicare/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 Key | 8077 |