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Projections of owner-occupation rates, house values, income and financial assets among older people, UK, 2002-2022

Hancock, Ruth and Juarez-Garcia, Ariadna and Wittenberg, Raphael and Pickard, Linda and Comas-Herrera, Adelina and King, Derek and Malley, Juliette (2006) Projections of owner-occupation rates, house values, income and financial assets among older people, UK, 2002-2022. Discussion Paper, 2373. London School of Economics and Polictical Sciences, London, UK.

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Identification Number: 2373

Abstract

This paper contains projections of owner-occupation rates, house values, income and financial assets among people aged 85+ in the UK covering the period 2002 to 2022. The projections have been produced by the microsimulation model CARESIM. CARESIM is a model which simulates the amounts that current and future older people would be required to pay towards residential or home care, should they need that care, under different charging regimes. The projections presented here are produced as an input to those simulations. <p><p><p>CARESIM uses a sample of people aged 65 years and over drawn from the Family Resources Survey and projections involve ageing this sample. The sample is not ‘refreshed’ i.e. people under the age of 65 in the base year (2002) are not brought into the sample as they reach 65. By 2022, therefore, CARESIM projections apply only to those aged 85 and over. For this reason results for 2022 are given only for those aged 85 and over. Results for years between 2002 and 2022 are shown only for those age groups for which CARESIM projections apply.

Item Type: Monograph (Discussion Paper)
Official URL: http://www.pssru.ac.uk/pdf/dp2373.pdf
Additional Information: © 2006 PSSRU
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HN Social history and conditions. Social problems. Social reform
JEL classification: C - Mathematical and Quantitative Methods > C0 - General
I - Health, Education, and Welfare > I0 - General
Sets: Collections > Economists Online
Research centres and groups > Personal Social Services Research Unit (PSSRU)
Research centres and groups > LSE Health
Date Deposited: 22 Apr 2008 12:28
Last Modified: 26 Apr 2012 15:52
URI: http://eprints.lse.ac.uk/id/eprint/4458

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