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The study of optimal long-term care (LTC) social insurance is generally carried out under the utilitarian social criterion, which penalizes individuals who have a lower capacity to convert resources into well-being, such as dependent elderly individuals or prematurely dead individuals. This...
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The study of optimal long-term care (LTC) social insurance is generally carried out under the utilitarian social criterion, which penalizes individuals who have a lower capacity to convert resources into well-being, such as dependent elderly individuals or prematurely dead individuals. This...
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. We consider two social objectives: (1) the maximin on expected lifetime welfare (ex ante), allowing for a compensation … for unequal life expectancies; (2) the maximin on realized lifetime welfare (ex post), allowing for a compensation for …
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