Documents de treball producció científicaXarxa de Referència en Economia Aplicada (XREAP)

How much risk is mitigated by LTC Insurance? A case study of the public system in Spain

  • Identification data

    Identifier:  PC:2408
    Authors:  Comas-Herrera, Adelina; Guillén, Montserrat
    Abstract:
    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.
  • Others:

    Publisher: Xarxa de Referència en Economia Aplicada (XREAP)
    Date: 2011-06
    Identifier: http://hdl.handle.net/2072/152086
    Departament/Institute: Xarxa de Referència en Economia Aplicada (XREAP)
    Language: eng
    Author: Comas-Herrera, Adelina, Guillén, Montserrat
    Relation: XREAP 2011-07;
    Format: application/pdf, 400107 bytes, 31
  • Keywords:

    33 - Economia
    Espanya
    Assegurances
    Spain
    Insurance
  • Documents:

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