We describe the risks faced by the aging population and survey the corresponding insurance markets for these risks. We focus on income risk, health expenditure risk, long-term care expenditure risk, and mortality risk. We also discuss the interactions between social insurance and private...

Einführende Texte auf wissenschaftlichem Niveau (aber ohne Fachjargon), die wichtige Fakten und Zusammenhänge bringen und Problembewusstsein wecken möchten. Was F. Schirrmacher publikumswirksam anstieß, wird hier komprimiert angeboten zur Versachlichung der Diskussion. Dazu trägt besonders...

Half of U.S. 50-year-olds will experience a nursing home (NH) stay before they die, and a sizeable fraction will incur out-of-pocket expenses in excess of $200,000. Given the extent of NH risk, it is surprising that only about 10 percent of individuals over age 62 have private long-term care...