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Centre for Policy on Ageing | |
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Ill health in old age: an economic analysis of the market for long term care
— [preliminary draft] | | Author(s) | J Pemberton |
| Corporate Author | Department of Economics, University of Reading |
| Publisher | University of Reading, Reading, October 1996 |
| Pages | 47 pp (Discussion papers in economics and management, Series A v.IX 1996/97, no |
| Source | Department of Economics, Faculty of Letters and Social Sciences, PO Box 218, Whiteknights, Reading RG6 6AA. |
| Keywords | Services ; Health services ; Long term ; Costs [care] ; Health insurance ; Social policy. |
| Annotation | Projected trends in the long term care of frail older people suggest significant increases in public expenditure, whilst governments are under pressure to cut tax rates. The United Kingdom (UK) and other governments are therefore seeking to encourage greater voluntary private provision. This paper models and simulates the market for long term care in order to analyse this and related policy issues. It concludes that voluntarism is extremely unlikely to work: if governments wish individuals to take responsibility for their own long term care, some form of compulsory insurance scheme is unavoidable. In this case, pension-based schemes are generally preferable to those based on contributions during working life. |
| Accession Number | CPA-980210224 B |
| Classmark | I: L: 4Q: QDC: WPG: TM2 |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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