Means-tested long term care and family transfers

One of the pervasive problems with means-tested public long term care (LTC) programs is their inability to prevent individuals who could a¤ord private long term services from taking advantage of public care. They often manage to elude the means-test net through strategic impoverishment. We show in a simple model how this problem comes about, how it a¤ects welfare and how it can be mitigated.

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Year of publication:	2014-05
Authors:	Cremer, Helmuth ; Pestieau, Pierre
Institutions:	Institut d'Économie Industrielle (IDEI), Toulouse School of Economics (TSE)
Subject:	Long term care \| means-testing \| strategic impoverishment \| opting out \| public insurance \| altruism

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Extent:	application/pdf
Series:	IDEI Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IDEI Working Paper Number 826
Classification:	H2 - Taxation, Subsidies, and Revenue ; H5 - National Government Expenditures and Related Policies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010968959