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Public vs private demand for covering long term care expenditures
[journal article]
Abstract This paper 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 contingen... view more
This paper 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.... view less
Document language
English
Publication Year
2009
Page/Pages
p. 3651-
Journal
Applied Economics, 42 (2009) 28
DOI
https://doi.org/10.1080/00036840802167343
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)