Private long-term care insurance and the asset protection motive

被引:12
作者
Mellor, JM [1 ]
机构
[1] Coll William & Mary, Williamsburg, VA 23187 USA
关键词
nursing home care; public-private partnerships;
D O I
10.1093/geront/40.5.596
中图分类号
R4 [临床医学]; R592 [老年病学];
学科分类号
1002 ; 100203 ; 100602 ;
摘要
This research examined the role of assets in the decision to purchase insurance for long-term care using survey data from the Asset and Health Dynamics Among the Oldest Old (AHEAD) study. Previous research suggests that assets matter, but the size and direction of the effect varies. An important issue regarding the role of assets has not been explored adequately-whether the effect of assets differs between less wealthy and very wealthy individuals. A methodology to control for this type of variation is employed in this analysis. Results:suggest that Increases in assets have the greatest influence on the probability that less wealthy individuals own long-term care insurance, and have a negligible impact on the wealthy. This has important implications for policies designed to increase long-term care insurance ownership.
引用
收藏
页码:596 / 604
页数:9
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