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An Economic Analysis of the Market f...
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The Ohio State University.
An Economic Analysis of the Market for Long-term Care : = Evidence from Alzheimer's Disease.
紀錄類型:
書目-語言資料,手稿 : Monograph/item
正題名/作者:
An Economic Analysis of the Market for Long-term Care :/
其他題名:
Evidence from Alzheimer's Disease.
作者:
Shin, Su Hyun.
面頁冊數:
1 online resource (142 pages)
附註:
Source: Dissertation Abstracts International, Volume: 78-06(E), Section: A.
Contained By:
Dissertation Abstracts International78-06A(E).
標題:
Finance. -
電子資源:
click for full text (PQDT)
ISBN:
9781369488753
An Economic Analysis of the Market for Long-term Care : = Evidence from Alzheimer's Disease.
Shin, Su Hyun.
An Economic Analysis of the Market for Long-term Care :
Evidence from Alzheimer's Disease. - 1 online resource (142 pages)
Source: Dissertation Abstracts International, Volume: 78-06(E), Section: A.
Thesis (Ph.D.)
Includes bibliographical references
This study investigates whether or not peoples financial decisions vary with information shocks about Alzheimers disease (AD) and the supply of informal care supplied by children. To do so, I estimate economic models using data from the 1998-2010 Health and Retirement Study (HRS) and the 2008-2009 Simmons National Consumer Surveys (NCS). I find empirical evidence that the exposure to particular types of information does influence peoples decisions to buy LTC insurance. Specifically, information about familial history of AD, about costs of LTC and coverage of insurance, and about familys experience with AD patients increases the probability that a person owns LTC insurance. Information regarding celebrities disclosure that they have been diagnosed with AD and about general facts on the disease decreases the probability of holding LTC insurance. I also find that the cumulated stock measures of information, as opposed to flow measures, are more appropriate to fully capture the true effects of information about AD on peoples financial decisions.
Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018
Mode of access: World Wide Web
ISBN: 9781369488753Subjects--Topical Terms:
559073
Finance.
Index Terms--Genre/Form:
554714
Electronic books.
An Economic Analysis of the Market for Long-term Care : = Evidence from Alzheimer's Disease.
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Evidence from Alzheimer's Disease.
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This study investigates whether or not peoples financial decisions vary with information shocks about Alzheimers disease (AD) and the supply of informal care supplied by children. To do so, I estimate economic models using data from the 1998-2010 Health and Retirement Study (HRS) and the 2008-2009 Simmons National Consumer Surveys (NCS). I find empirical evidence that the exposure to particular types of information does influence peoples decisions to buy LTC insurance. Specifically, information about familial history of AD, about costs of LTC and coverage of insurance, and about familys experience with AD patients increases the probability that a person owns LTC insurance. Information regarding celebrities disclosure that they have been diagnosed with AD and about general facts on the disease decreases the probability of holding LTC insurance. I also find that the cumulated stock measures of information, as opposed to flow measures, are more appropriate to fully capture the true effects of information about AD on peoples financial decisions.
520
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I find strong evidence in support of Beckers Rotten Kid theorem (1974, 1981). Using a two-stage model, I show that the probability that parents receive informal care from one of their children is negatively related to a childs cost of providing care and is positively related to the degree of reciprocity between parents and their children. The estimated expected probability that a parent will receive care in the future is positively correlated with the level of savings and transfers to her child. These empirical results are consistent with the hypothesis that parents strategically withhold bequests (or transfer money to their children) to elicit informal care from their children.
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