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-term care, primarily among the elderly. It also reviews the main features and problems with insurance markets and quality of …This chapter summarizes the recent economic literature on health and long-term care as it relates to population aging … for long-term care. Both the supply side and the demand side of the health care markets are undergoing change. This …
Persistent link: https://www.econbiz.de/10014023477
, health care, and retirement planning, all of which are very important for the well-being of the elderly. Our review suggests … that consumers in general, and the elderly in particular, have great difficulty making optimal choices in these areas. They …
Persistent link: https://www.econbiz.de/10014023472
Effective in 2000, Medicare's Outpatient Prospective Payment System (OPPS) sets pre-determined reimbursement rates for hospital outpatient services, replacing the prior cost-based methods of reimbursement. Using Florida outpatient discharge data, we study the effect of OPPS on hospital...
Persistent link: https://www.econbiz.de/10011051277
formal nursing home care to the vast provision of informal care provided in the home. The taxonomy is followed by a review of … dominated by for-profit facilities sometimes facing excess demand, long-term care is often provided by unpaid caregivers, and … supply of informal care, usually by daughters, is an issue for labor economics. Women who provide informal care may reduce …
Persistent link: https://www.econbiz.de/10014024188
One way to demonstrate how remarkable changes in the process of aging have been is to compare health over the life cycles of 3 cohorts. For the first cohort, born between 1835 and 1845 (the Civil War cohort), life was short and disabilities were common even at young ages. Other factors...
Persistent link: https://www.econbiz.de/10005774858
national policy, cost sharing is 60–80 percent lower at age 70 than at age 69. I find that both outpatient and inpatient care … are price sensitive among the elderly. While I find little impact on mortality and other health outcomes, the results show …
Persistent link: https://www.econbiz.de/10010788949
We investigate long-run effects of World War II on socioeconomic status and health of older individuals in Europe. We analyze data from SHARELIFE, a retrospective survey conducted as part of SHARE in Europe in 2009. SHARELIFE provides detailed data on events in childhood during and after the war...
Persistent link: https://www.econbiz.de/10011009875
This paper offers an explanation for the puzzle of low wealth holdings among a significant fraction of the elderly …
Persistent link: https://www.econbiz.de/10005085617
Many observers believe current aging baby boomers are woefully unprepared for retirement. Others raise the prospect that Americans are saving too much for retirement. This paper attempts to reconcile these contrasting views using a simple life cycle model and a more sophisticated retirement...
Persistent link: https://www.econbiz.de/10005085331
Long-term care represents one of the largest uninsured financial risks facing the elderly in the United States. Whether … knowledge the first empirical evidence on the pricing and benefit structure of long-term care insurance policies. We estimate … benefit structure, covering only one-third of the expected present discounted value of long-term care expenditures. These …
Persistent link: https://www.econbiz.de/10005019418