Costa-Font, Joan; Font, Montserrat - In: Applied Economics Letters 16 (2009) 13, pp. 1301-1305
Coverage for long-term care insurance (LTCI) is scant. One common reason analysts refer to is individual's myopia in planning insurance well ahead of need. We attempt to test this by empirically eliciting the willingness to pay for a hypothetical long-term care insurance policy at two different...