The Role of Private Finance in Paying for Long Term Care
Bibliographic Data
| ID | 9703029 |
|---|---|
| Authors | Les Mayhew (Cass Business School), Martin Karlsson (0000-0001-9354-096X, Technische Universität Darmstadt), Ben Rickayzen (Cass Business School) |
| Year | 2010 |
| Volume | 120 |
| Issue | 548 |
| Pages | F478-F504 |
| Publication date | 2010-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2010.02388.x |
| OpenAlex | W1575867098 |
| Language | EN |
| Citations received | 6 |
| References cited | 9 |
An ageing population and increased longevity means that long term care will become progressively more expensive. In 2009 the Government published a Green Paper on future funding options and a White Paper in 2010. This article considers the role of private finance products under the 'Partnership' option. It finds that few households are able to pay for LTC based on income and savings but the number increases if housing assets are included. We show that products can be devised for a range of circumstances, although state support would need to continue. We propose a simplified means testing system based on a combination of income and assets. Copyright © The Author(s). Journal compilation © Royal Economic Society 2010
Business · Economics · Library science · Management · Political science · Public relations · Sociology · Term (time · Computer Science · Global Health Care Issues · Intergenerational Family Dynamics and Caregiving · Retirement, Disability, and Employment
Scandinavian Long-Term Care Financing
Out-of-Pocket Expenditure on Medical Services Among Older Adults
Help Wanted
From each according to means, to each according to needs? Distributional effects of abolishing asset-based payments for residential care in Austria
Long-term care for older people and EU Law
The role of life experience in long-term care insurance decisions
A Single Index of Mortality and Morbidity
Long term care financing in four OECD countries
Modelling an entitlement to long-term care services for older people in Europe
Future long-term care expenditure in Germany, Spain, Italy and the United Kingdom
Projecting Long-Term Care Expenditure in Four European Union Member States
| Unique citing works | 6 |
|---|---|
| Citations per year | 0,4 |
| Citation span | 2011 - 2022 (12) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 6 |