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Title:
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How much risk is mitigated by LTC Insurance? A case study of the public system in Spain
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Author:
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Guillén, Montserrat; Comas-Herrera, Adelina
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Other authors:
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Xarxa de Referència en Economia Aplicada (XREAP) |
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Resum:
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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. |
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Publication date:
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2011-06 |
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Subject(s):
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Insurance
Spain |
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Subject (UDC):
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33 - Economia |
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Subject(s):
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Assegurances
Espanya |
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Rights:
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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/) |
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Document type:
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Working Paper |
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Share:
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