Article (Scientific journals)
Long-term care social insurance: How to avoid big losses?
Klimaviciute, Justina; Pestieau, Pierre
2018In International Tax and Public Finance, 25 (1), p. 99-139
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Keywords :
Capped spending; Arrow’s theorem; Long-term care insurance; Optimal taxation
Abstract :
[en] Long-term care (LTC) needs are expected to rapidly increase in the next decades, and at the same time, the main provider of LTC, namely the family, is stalling. This calls for more involvement of the state that today covers <20% of these needs and most often in an inconsistent way. Besides the need to help the dependent poor, there is a mounting concern in the middle class that a number of dependent people are incurring costs that could force them to sell all their assets. In this paper, we study the design of a social insurance program that meets this concern. Following Arrow (Am Econ Rev 53:941–973, 1963), we suggest a policy that is characterized by complete insurance above a deductible amount.
Disciplines :
Special economic topics (health, labor, transportation...)
Author, co-author :
Klimaviciute, Justina ;  Université de Liège > HEC Liège : UER > Macroéconomie
Pestieau, Pierre  ;  Université de Liège > HEC Liège > HEC Liège
Language :
English
Title :
Long-term care social insurance: How to avoid big losses?
Publication date :
2018
Journal title :
International Tax and Public Finance
ISSN :
0927-5940
eISSN :
1573-6970
Publisher :
Springer, Heidelberg, Germany
Volume :
25
Issue :
1
Pages :
99-139
Peer reviewed :
Peer Reviewed verified by ORBi
Name of the research project :
CRESUS
Funders :
BELSPO - SPP Politique scientifique - Service Public Fédéral de Programmation Politique scientifique
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since 17 June 2017

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