Abstract
With the ageing of population and high cost of long-term care, long-term care insurance has strongly expanded in France in recent decades. This article provides an overview of a recent empirical work [1] studying the determinants of the demand for insurance covering long-term care on the French market using cross-sectional data from the newly developed Survey of Health, Ageing, and Retirement in Europe (SHARE) database. It shows that long-term care insurance is purchased to preserve bequests and to protect families in the event of disability. Risk behaviours as well as experience of disability, are also shown to play a significant role in explaining the demand for long-term care insurance in France.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
