{"id":7942,"date":"2023-07-23T08:02:31","date_gmt":"2023-07-23T12:02:31","guid":{"rendered":"https:\/\/creei.ca\/fair-long-term-care-insurance\/"},"modified":"2023-11-23T13:22:13","modified_gmt":"2023-11-23T18:22:13","slug":"fair-long-term-care-insurance","status":"publish","type":"page","link":"https:\/\/creei.ca\/en\/fair-long-term-care-insurance\/","title":{"rendered":"Fair Long-Term Care Insurance"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-1\"><article class=\"node-789 node node-publications node-promoted view-mode-full node-by-viewer clearfix\">\n<header><\/header>\n<div class=\"field field-name-body field-type-text-with-summary field-label-above\">\n<div class=\"field-label\">Short summary:<\/div>\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>The study of optimal long-term care (LTC) social insurance is generally carried out under the utilitarian social criterion, which penalizes individuals who have a lower capacity to convert resources into well-being, such as dependent elderly individuals or prematurely dead individuals. This paper revisits the design of optimal LTC insurance while adopting the ex post egalitarian social criterion, which gives priority to the worst-off in realized terms (i.e. once the state of nature has been revealed). Using a lifecycle model with risk about the duration of life and risk about old-age dependence, it is shown that the optimal LTC social insurance is quite sensitive to the postulated social criterion. The optimal second-best social insurance under the ex post egalitarian criterion involves, in comparison to utilitarianism, higher LTC benefits, lower pension benefits, a higher tax rate on savings, as well as a lower tax rate on labor earnings.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"field field-name-field-auteurs-publication field-type-taxonomy-term-reference field-label-inline clearfix\">\n<div class=\"field-label\">Publication Authors: Marie-Louise Leroux, Pierre Pestieau and Gregory Ponthiere<\/div>\n<\/div>\n<div class=\"field field-name-field-num-ro field-type-text field-label-inline clearfix\">\n<div class=\"field-label\">Number: 19-03<\/div>\n<\/div>\n<div class=\"field field-name-field-fichier field-type-file field-label-inline clearfix\">\n<div class=\"field-label\">File: <img decoding=\"async\" class=\"alignnone size-full wp-image-428\" src=\"https:\/\/creei.ca\/wp-content\/uploads\/2019\/07\/application-pdf.png\" alt=\"\" width=\"16\" height=\"16\" \/> <a href=\"https:\/\/creei.ca\/wp-content\/uploads\/2019\/07\/cahier_19_03_fair_long_term_care_insurance.pdf\" type=\"application\/pdf; length=338944\">cahier_19_03_fair_long_term_care_insurance.pdf<\/a><\/div>\n<\/div>\n<div class=\"field field-name-field-ann-e field-type-taxonomy-term-reference field-label-inline clearfix\">\n<div class=\"field-label\">Year: 2019<\/div>\n<div>*Scientific Publication: <a href=\"http:\/\/link.springer.com\/article\/10.1007\/s00355-021-01324-z\">Social Choice and Welfare. doi.org\/10.1007\/s00355-021-01324-z.<\/a><\/div>\n<\/div>\n<\/article>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-7942","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/pages\/7942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/comments?post=7942"}],"version-history":[{"count":1,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/pages\/7942\/revisions"}],"predecessor-version":[{"id":8256,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/pages\/7942\/revisions\/8256"}],"wp:attachment":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/media?parent=7942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}