Home equity commitment and long-term care insurance demand

被引：73

作者：

Davidoff, Thomas ^{[1
]}

机构：

[1] Univ Calif Berkeley, Haas Sch Business, Berkeley, CA USA

来源：

JOURNAL OF PUBLIC ECONOMICS | 2010年 / 94卷 / 1-2期

关键词：

Health care markets; Housing;

D O I：

10.1016/j.jpubeco.2009.09.006

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper shows how home equity may Substitute for long-term care insurance (LTCI) The elderly commonly hold Substantial wealth in the form of home equity that is rarely spent before death, except for after moves to long-term care facilities Absent strong bequest motives implies that marginal utility fluctuates less across health states than one Would predict based on a standard model without wealth tied Lip in housing Numerical examples show that this "asset commitment" may substantially weaken LTCI demand (C) 2009 Elsevier B V All rights reserved

引用

页码：44 / 49

页数：6

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