2020 Research in the Capitol
What Determines Whether or Not Individuals Purchase Long Term Care Insurance [Poster]
Presentation Type
Poster Presentation (Electronic Copy Not Available)
Abstract
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 being placed into long-term care facilities has significantly increased. However, the percentage of people with long term care insurance is small. Research conducted in the early 2000s looks at variables such as availability of children, risk aversion, health status, age, having medicaid, wealth, among other variables that describe personal attributes, to explain why the market is so small. This paper will use research from the Health and Retirement study to determine whether or not having a living spouse affects a respondent’s decision to purchase long term care insurance.
Start Date
24-3-2020 11:00 AM
End Date
24-3-2020 2:30 PM
Event Host
University Honors Programs, Iowa Regent Universities
Faculty Advisor
Bryce Kanago
Department
Department of Economics
Copyright
©2020 Jacob Haag
File Format
application/pdf
Recommended Citation
Haag, Jacob Harold-Matthew, "What Determines Whether or Not Individuals Purchase Long Term Care Insurance [Poster]" (2020). Research in the Capitol. 9.
https://scholarworks.uni.edu/rcapitol/2020/all/9
What Determines Whether or Not Individuals Purchase Long Term Care Insurance [Poster]
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 being placed into long-term care facilities has significantly increased. However, the percentage of people with long term care insurance is small. Research conducted in the early 2000s looks at variables such as availability of children, risk aversion, health status, age, having medicaid, wealth, among other variables that describe personal attributes, to explain why the market is so small. This paper will use research from the Health and Retirement study to determine whether or not having a living spouse affects a respondent’s decision to purchase long term care insurance.
