{"id":7955,"date":"2023-07-23T08:02:38","date_gmt":"2023-07-23T12:02:38","guid":{"rendered":"https:\/\/creei.ca\/a-canadian-parlor-room-type-approach-to-the-long-term-care-insurance-puzzle\/"},"modified":"2023-11-23T13:32:54","modified_gmt":"2023-11-23T18:32:54","slug":"canadian-parlor-room-type-approach-long-term-care-insurance-puzzle","status":"publish","type":"page","link":"https:\/\/creei.ca\/en\/canadian-parlor-room-type-approach-long-term-care-insurance-puzzle\/","title":{"rendered":"A Canadian Parlor Room-Type Approach to the Long-Term Care Insurance Puzzle"},"content":{"rendered":"
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Short summary:<\/div>\n
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Using the results from a survey of 2,000 Canadians, we examine the different hypotheses put forward to explain the low demand for long-term care (LTC) insurance. Defining the natural market of LTC insurance as the one catering to individuals aged between 50 and 70, we find that a remarkable share has never been approached to purchase such protection. We estimate that approximately 60% of this natural market is currently under-served. After eliminating risk perception and demand-side explanations, we conclude that supply-side factors and crowding-out by government programs are the most likely culprits in explaining the low proportion of Canadians who purchase LTC insurance from private providers.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Publication Authors: M. Martin Boyer, Philippe De Donder, Claude Fluet, Marie-Louise Leroux et Pierre-Carl Michaud<\/div>\n<\/div>\n
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Number: 18-04<\/div>\n<\/div>\n
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File: \"\" cahier_18_04_parlor_room_approach_ltci_puzzle.pdf<\/a><\/div>\n<\/div>\n
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Year: 2018<\/div>\n<\/div>\n
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Scientific Publication: Canadian Public Policy\/Analyse de politiques, 45(2), 262-282. doi.org\/10.3138\/cpp.2018-023.<\/a><\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>
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