@article {9330,
	title = {Household demand for private long term care insurance: An exploratory note},
	journal = {Economics Bulletin},
	volume = {37},
	year = {2017},
	pages = {1975-1981},
	abstract = {This study uses the most recent wave of the Health and Retirement Study (HRS) to examine participation of aging households in the long-term care insurance market. Results suggest that households who perceived a need to move to a nursing home within the next five years and households with higher preference for risk management through insurance were more likely to have long-term care coverage. Interestingly, the households with higher levels of risk tolerance were less likely to have long-term care coverage. Conversely, households with a bequest motive were more likely to have long-term care coverage. Additionally, the empirical results of this study indicate that the probability of having long-term care coverage was higher for women. Households with greater educational attainment and greater net worth were also more likely to have long-term care coverage.},
	keywords = {Financial literacy, Long-term Care, Medicare/Medicaid/Health Insurance, Risk Factors},
	issn = {15452921},
	author = {Chatterjee, Swarnankur}
}
