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Means-Tested Long-Term Care and Family Transfers
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Helmuth Cremer
Published/Copyright:
November 30, 2019
Abstract
One of the pervasive problems with means-tested public long-term care programs is their inability to prevent individuals who could afford private long-term services from taking advantage of public care. They often manage to elude the means-test net through ‘strategic impoverishment’. We show in a simple model how this problem comes about, how it affects welfare and how it can be mitigated.
Keywords: Long-term care; means-testing; strategic impoverishment; opting out; public insurance; altruism
Published Online: 2019-11-30
Published in Print: 2018-08-01
© 2019 by Walter de Gruyter Berlin/Boston
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Keywords for this article
Long-term care;
means-testing;
strategic impoverishment;
opting out;
public insurance;
altruism
Articles in the same Issue
- Issue Information
- Fighting Terrorism: Empirics on Policy Harmonisation
- Sovereign Reputation and Yield Spreads: A Case Study on Retroactive Legislation
- Last Minute Policies and the Incumbency Advantage
- Benford and the Internal Capital Market: A Useful Indicator of Managerial Engagement
- Banks’ Interest Rate Risk and Search for Yield: A Theoretical Rationale and Some Empirical Evidence
- Means-Tested Long-Term Care and Family Transfers
