2016 Fiscal Year Annual Research Report
Population Aging, Long-term Care, and Health Insurance Market: a General Equilibrium Life-Cycle Analysis
| Project/Area Number |
26780173
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| Research Institution | National Graduate Institute for Policy Studies |
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Principal Investigator |
Hsu Minchung 政策研究大学院大学, 政策研究科, 准教授 (20467062)
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| Project Period (FY) |
2014-04-01 – 2017-03-31
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| Keywords | Long-term care / Saving / Medicaid / Aging |
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| Outline of Annual Research Achievements |
Our team (Gary Hansen, professor, UCLA, Elena Capatina, Research Fellow, UNSW, and I) have developed a life cycle model and calibrated it to the US data as a benchmark.
We investigated the differences between single and married households in terms of consumption, saving and responses to the long-term care shocks. We find spouses significantly provide a within-household insurance against the long-term care shock.
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