| Item type |
ディスカッションペーパー / Discussion Paper(1) |
| 公開日 |
2024-02-27 |
| タイトル |
|
|
タイトル |
Long Term Care Risk For Couples and Singles |
|
言語 |
en |
| 言語 |
|
|
言語 |
eng |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
Long Term Care |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
Household Risk |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
Precautionary Savings |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
Medicaid |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
Informal Care |
| 資源タイプ |
|
|
資源タイプ |
technical report |
| ID登録 |
|
|
ID登録 (DOI) |
10.24545/0002000053 |
|
ID登録タイプ |
JaLC |
| 著者 |
CAPATINA, Elena
HANSEN, Gary
HSU, Minchung
|
| 著者所属 |
|
|
値 |
Australian National University |
| 著者所属 |
|
|
値 |
Department of Economics, UCLA |
| 著者所属 |
|
|
値 |
政策研究大学院大学 / National Graduate Institute for Policy Studies |
| 抄録 |
|
|
内容記述タイプ |
Abstract |
|
内容記述 |
This paper compares the impact of long term care (LTC) risk on single and married households and studies the roles played by informal care (IC), consumption sharing within households, and Medicaid in insuring this risk. We develop a life-cycle model where individuals face survival and health risk, including the possibility of becoming highly disabled and needing LTC. Households are heterogeneous in various important dimensions including education, productivity, and the age difference between spouses. Health evolves stochastically. Agents make consumption-savings decisions in a framework featuring an LTC statedependent utility function. We find that household expenditures increase significantly when LTC becomes necessary, but married individuals are well insured against LTC risk due to IC. However, they still hold considerable assets due to the concern for the spouse who might become a widow/widower and can expect much higher LTC costs. IC significantly reduces precautionary savings for middle and high income groups, but interestingly, it encourages asset accumulation among low income groups because it reduces the probability of meanstested Medicaid LTC. |
|
言語 |
en |
| 内容記述 |
|
|
内容記述タイプ |
Other |
|
内容記述 |
JEL classification: D91, E21, H31, I10, I38, J14 |
| 内容記述 |
|
|
内容記述タイプ |
Other |
|
内容記述 |
This research has been supported by the Australian Research Council Centre of Excellence in Population Ageing Research (project number CE110001029), GRIPS Policy Research Center, JSPS Grants-in-Aid for Scientific Research (Kakenhi, project number 26780173 and 16KK0052), and the John Mitchell Poverty Lab. |
| 内容記述 |
|
|
内容記述タイプ |
Other |
|
内容記述 |
Declarations of interest: none |
| 発行年 |
|
|
値 |
2024-02 |
| 書誌情報 |
en : GRIPS Discussion Papers
Report No. 23-14,
発行日 2024-02-27
|
| 出版者 |
|
|
出版者 |
GRIPS Policy Research Center |
|
言語 |
en |
| 著者情報 |
|
|
内容記述タイプ |
Other |
|
内容記述 |
https://www.grips.ac.jp/list/jp/facultyinfo/hsu_minchung/ |
| 著者版フラグ |
|
|
出版タイプ |
AM |
|
出版タイプResource |
http://purl.org/coar/version/c_ab4af688f83e57aa |
DP23-14(rev.).pdf (553 KB)
