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This paper describes the state of Long-Term Care (LTC) in England, which is facing increasing strain due to population aging. We piece together microeconomic and aggregate data in order to give an overview of the demand and supply of LTC in England in a way that facilitates comparisons with...
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This paper constructs a rich model of saving for retired single people. Our framework allows for bequest motives and … the risk of living long and requiring expensive medical care is a more important driver of old age saving than the desire …
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of medical spending at the end of life. Finally, we document recent trends in health and chronic disease at older ages …
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, and we use an estimated structural model to assess its effect on the elderly’s saving. We find that the differences in … life expectancy related to observable factors such as income, gender, and health have large effects on savings, and that … effect on the elderly’s saving behavior. …
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