In both its costs and the number of its enrollees, Medicaid is the largest means-tested
transfer program in the United States. It is also a fundamental part of the health care system …

This study investigates the impact of long-term care insurance (LTCI) on the non-health
consumption of elderly households. By exploiting a quasi-experiment on the public LTCI …

Despite facing significant uncertainty about their lifespans and health care costs, most
retirees do not buy annuities or long-term care insurance. In this paper, I find that retirees' …

Household financial decisions are complex, interdependent, and heterogeneous, and
central to the functioning of the financial system. We present an overview of the rapidly …

This paper surveys recent theoretical economic research on long-term care (LTC). LTC
differs from health care: it is about nursing; it is mostly provided by unpaid caregivers (mainly …

We survey the literature on social insurance, focusing on recent work that has connected
theory to evidence to make quantitative statements about welfare and optimal policy. Our …

Handbook of Aging and the Social Sciences, Ninth Edition, provides a comprehensive
synthesis of the latest research findings in the science of aging. The complexities of …

We propose a dynamic non-cooperative framework for long-term-care (LTC) decisions of
families and use it to evaluate LTC policy options for the US We first document the …

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 …

Background The quality of life of older people is significantly affected by the way in which
long-term care (LTC) is provided. This presents a challenge to governments to find ways to …