| By: |
Costa-Font,J.;
Rovira-Forns, J. (Universitat de Barcelona) |
| Abstract: |
Both public and private insurance for long-term care is undeveloped in some
European countries such as in Spain and empirical evidence is still limited.
This paper aims at exmining the determinants of the demand for Long Term Care
(LTC) coverage in Spain using contingent valuation techniques. Our findings
indicate that only one-fifth of the population is willing to pay to assure
coverage decisions are significantly affected by private information asymmetry
and housing tenure in giving rise to self-insurance reduces the probability of
insurance being hypothetically purchased |
| JEL: |
D63 D78 I11 H43 |
| Date: |
2004 |
| URL: |
https://d.repec.org/n?u=RePEc:bar:bedcje:2004124 |