Honors Program Theses


Open Access Honors Program Thesis

First Advisor

Bryce Kanago, Honors Thesis Advisor, Department of Economics

Second Advisor

Jesssica Moon, Director, University Honors Program


Long-term care insurance; Marriage;


As the U.S. population continues to age due to medical advancements and the aging of the largest generation in the history of the U.S. (baby boomers), the number of people in long-term care facilities has increased significantly; however, the percentage of people with long-term care insurance is small. Research conducted in the early 2000s focused on factors such as availability of children, risk aversion, health status, age, having Medicaid, and other variables that describe personal attributes to explain why the market is so small. This paper will use recent data from the Health and Retirement Study to determine whether or not having a living spouse is a substitute for having long-term care insurance. In particular I investigated this question for those classified as middle baby-boomers. I found that being married has a positive and statistically significant impact on the whether or not an individual has long-term care insurance.

Year of Submission



Department of Economics

University Honors Designation

A thesis submitted in partial fulfillment of the requirements for the designation University Honors

Date Original


Object Description

1 PDF file (22 pages)



File Format


Included in

Insurance Commons