Showing 1 - 10 of 27
This paper surveys recent theoretical economic research on long term care (LTC). LTC differs from health care: it is about nursing; it is mostly provided by unpaid caregivers (mainly spouses and children), whereas both the market and the State play a modest role. The future of LTC appears to be...
Persistent link: https://www.econbiz.de/10010927717
Should health care provision be public, private, or both? We look at this question in a setting where people differ in their earnings capacity and express an inelastic demand for health care. We assume that illness reduces a person's health status when not receiving immediate treatment.
Persistent link: https://www.econbiz.de/10005634236
distinguish two situations of joint liability, the simultaneous case where the damage would not have occurred in the absence of …
Persistent link: https://www.econbiz.de/10010610447
This paper studies how congestion in the public health sector can be used as a redistributive tool. In our model, agents differ in income and they can obtain a health service either from a congested public hospital or from a non congested private one at a higher price. With pure in-kind...
Persistent link: https://www.econbiz.de/10010695723
We analyze the determinants of the demand for social, private and self-insurance for long-term care in an environment where agents differ in income, probability of becoming dependent and of receiving family help. Uniform social benefits are financed with a proportional income tax and are thus...
Persistent link: https://www.econbiz.de/10010927711
Hospital financing systems determine ma jor decisions made by physicians and managers within hospitals. This paper …. We consider two initial situations, one for a private for-profit sector where both hospitals and physicians are paid on a … fee-for-service basis and the other for a public sector under prospective budget and salaried physicians. For the private …
Persistent link: https://www.econbiz.de/10005065451
The purpose of this paper is to examine the alternative explanatory factors of the so-called long term care insurance puzzle, namely the fact that so few people purchase a long term care insurance whereas this would seem to be a rational conduct given the high probability of dependence and the...
Persistent link: https://www.econbiz.de/10008642231
A premature death unexpectedly brings a life and a career to their end, leading to substantial welfare losses. We study the retirement decision in an economy with risky lifetime, and compare the laissez-faire with egalitarian social optima. We consider two social objectives: (1) the maximin on...
Persistent link: https://www.econbiz.de/10010701202
This paper re-examines a counterintuitive corollary of utilitarianism under unequal longevities: the tendency to redistribute resources from short-lived towards long-lived agents, against any intuition of compensation. It is shown that this corollary prevails not only under time-additive...
Persistent link: https://www.econbiz.de/10008836153
An early death is, undoubtedly, a serious disadvantage. However, the compensation of short-lived individuals has remained so far largely unexplored, probably because it appears infeasible. Indeed, short-lived agents can hardly be identified ex ante, and cannot be compensated ex post. We argue...
Persistent link: https://www.econbiz.de/10008836160