Nursing Homes in Equilibrium: Implications for Long-term Care Policies

Long-term care is one of the most significant risks Americans face in late life. About a third of Americans older than age 70 need help with Activities of Daily Living, requiring either a nursing home or community- and home-based care.…

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The Growth and Geographical Variation of Nursing Home Self-Pay Prices

Nursing home care is arguably the largest financial risk for the elderly without private or social insurance coverage. The annual out-of-pocket expenditure can easily exceed $70,000. Despite the substantial financial burdens on the elderly, the understanding of nursing home self-pay…

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Caregiving and Work: The Relationship between Labor Market Attachment and Parental Caregiving

There has been much concern over the provision of long-term care and the stresses it imposes on the family members who provide that care. However, despite the importance of this issue, it has been difficult to assess a causal relationship…

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Narrow Framing and Long-Term Care Insurance

We propose a model of narrow framing in insurance and test it using data from a new module we designed and fielded in the Health and Retirement Study. We show that respondents subject to narrow framing are substantially less likely…

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Costs and Benefits of In-Kind Transfers: The Case of Medicaid Home Care Benefits

Many large government programs provide benefits in kind as opposed to in cash. Providing benefits in kind potentially distorts decisions and leads to a deadweight loss if recipients value the benefits less than a cost-equivalent cash transfer. Yet providing benefits…

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