Long-term care: a suitable case for social insurance

Barr, Nicholas ORCID: 0000-0002-5325-2055 (2010) Long-term care: a suitable case for social insurance. Social Policy and Administration, 44 (4). pp. 359-374. ISSN 0144-5596

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Abstract

There are potentially large welfare gains if people can buy insurance that covers the costs of long-term care. However, technical problems - largely information problems - face both the providers of insurance and potential buyers. These problems on both the supply and demand sides of the market suggest that the actuarial mechanism is not well suited to addressing risks associated with long-term care. This line of argument underpins the article's main conclusion - that social insurance is a better fit

Item Type:	Article
Official URL:	http://www.wiley.com/bw/journal.asp?ref=0144-5596&...
Additional Information:	© 2010 John Wiley & Sons, Inc.
Divisions:	European Institute Economics
Subjects:	R Medicine > R Medicine (General) R Medicine > RT Nursing H Social Sciences > H Social Sciences (General)
Date Deposited:	27 Aug 2010 10:03
Last Modified:	12 Apr 2024 21:39
URI:	http://eprints.lse.ac.uk/id/eprint/28942

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