Public vs private demand for covering long term care expenditures

TitlePublic vs private demand for covering long term care expenditures
Publication TypeJournal Article
Year of Publication2010
AuthorsBrau, R, Lippi Bruni, M, Pinna, AM
JournalAPPLIED ECONOMICS
Volume42
Issue28
Pagination3651-3668
Abstract

This article studies the determinants of the Willingness to Pay (WTP) for Long-Term Care (LTC) insurance coverage. Two alternatives are considered: one compulsory, financed through taxes, the other purchased on a voluntary basis and paid through a premium. WTP was elicited through open-ended contingent valuation within a survey conducted in the Italian region Emilia-Romagna about LTC population needs. We model information on individual WTP as a two-stage process, where respondents first establish their interest for LTC cover, then state their WTP. Results show that interest and WTP are influenced by different variables, and that differences arise also between the WTP for public and private coverage.

URLhttp://www.informaworld.com/smpp/ftinterface~content=a910974343~fulltext=713240930~frm=content
DOI10.1080/00036840802167343
ISBN Number0003-6846