文章基本信息

标题：Double Crowding-Out Effects of Means-Tested Public Provision for Long-Term Care
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作者：Courbage, Christophe ; Zweifel, Peter
期刊名称：Risks
印刷版ISSN：2227-9091
出版年度：2015
卷号：3
期号：1
页码：61-76
出版社：MDPI, Open Access Journal
摘要：Publicly provided long-term care (LTC) insurance with means-tested benefits is suspected to crowd out either private saving or informal care. This contribution predicts crowding-out effects for both private saving and informal care for policy measures designed to relieve the public purse from LTC expenditure such as more stringent means testing and increased taxation of inheritance. These effects result from the interaction of a parent who decides on the amount of saving in retirement and a caregiver who decides on the effort devoted to informal care which lowers the probability of admission to a nursing home. Double crowding-out effects are also found to be the consequence of exogenous influences, notably a higher opportunity cost of caregiving.
关键词：long-term care; crowding out; informal care; saving; means testing