How much risk is mitigated by LTC Insurance? A case study of the public system in Spain
| Contribuinte(s) |
Xarxa de Referència en Economia Aplicada (XREAP) |
|---|---|
| Data(s) |
01/06/2011
|
| Resumo |
We present a methodology that allows to calculate the impact of a given Long-Term Care (LTC) insurance protection system on the risk of incurring extremely large individual lifetime costs. Our proposed methodology is illustrated with a case study. According to our risk measure, the current Spanish public LTC system mitigates individual risk by more than 30% compared to the situation where no public protection were available. We show that our method can be used to compare risk reduction of alternative LTC insurance plans. |
| Formato |
31 400107 bytes application/pdf |
| Identificador | |
| Idioma(s) |
eng |
| Publicador |
Xarxa de Referència en Economia Aplicada (XREAP) |
| Relação |
XREAP 2011-07; |
| Direitos |
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i la xarxa i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/) |
| Palavras-Chave | #Insurance #Spain #Assegurances #Espanya #33 - Economia |
| Tipo |
info:eu-repo/semantics/workingPaper |
