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Displaying results 1 to 19 of 19.

  1. At home versus in a nursing home
    long-term care settings and marginal utility
    Author: Achou, Bertrand; De Donder, Philippe; Glenzer, Franca; Lee, Minjoon; Leroux, Marie-Louise
    Published: June 2023
    Publisher:  CESifo, Munich, Germany

    Marginal utility of financial resources when needing long-term care, and the related incentives for precautionary savings and insurance, may vary significantly by whether one receives care at home or in a nursing home. In this paper, we develop... more

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    Marginal utility of financial resources when needing long-term care, and the related incentives for precautionary savings and insurance, may vary significantly by whether one receives care at home or in a nursing home. In this paper, we develop strategic survey questions to estimate those differences. All else equal, we find that the marginal utility is significantly higher when receiving care at home rather than in a nursing home. We then use these estimates within a quantitative life cycle model to evaluate the impact of the expected choice of care setting (home versus nursing home) on precautionary savings and insurance valuation. The estimated marginal utility differences imply a significant increase in the incentives to save when expecting to receive care at home. Larger incentives to self-insure also translate to a higher valuation of additional subsidies for home care than for nursing homes, shedding light on an efficient way to expand public long-term care subsidies. We also examine how the magnitude of our results quantitatively varies with the existing public long-term care subsidies.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/279231
    Series: CESifo working papers ; 10482 (2023)
    Subjects: long-term care; marginal utility; home care; nursing home; savings
    Scope: 1 Online-Ressource (circa 108 Seiten), Illustrationen
  2. At home versus in a nursing home
    long-term care settings and marginal utility
    Author: Achou, Bertrand; De Donder, Philippe; Lee, Minjoon; Leroux, Marie-Louise
    Published: [2023]
    Publisher:  CIRANO, [Montréal]

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    Language: English
    Media type: Book
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    Series: Working paper / CIRANO ; 2023s, 14
    Subjects: Long-term Care; Marginal Utility; Home Care; Nursing Home; Savings
    Scope: 1 Online-Ressource (circa 109 Seiten), Illustrationen
  3. At home versus in a nursing home
    long-term care settings and marginal utility
    Author: Achou, Bertrand; De Donder, Philippe; Glenzer, Franca; Lee, Minjoon; Leroux, Marie-Louise
    Published: June 2023
    Publisher:  [Toulouse School of Economics], [Toulouse]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / Toulouse School of Economics ; no 1442
    Subjects: Long-term Care; Marginal Utility; Home Care; Nursing Home; Savings
    Scope: 1 Online-Ressource (circa 107 Seiten), Illustrationen
  4. L'impact de la pandémie de COVID-19 sur les finances des ménages
    Author: Achou, Bertrand; Boisclair, David; D'Astous, Philippe; Fonseca, Raquel; Glenzer, Franca; Michaud, Pierre-Carl
    Published: [2020]
    Publisher:  CIRANO, Montréal

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    Source: Union catalogues
    Language: French
    Media type: Book
    Format: Online
    Series: Rapport de projet / CIRANO ; 2020RP, 15
    Subjects: Coronavirus; Epidemie; Haushaltseinkommen; Privater Haushalt; Wirkungsanalyse; Quebec (Provinz)
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  5. Nursing home aversion post-pandemic
    implications for savings and long-term care policy
    Author: Achou, Bertrand; De Donder, Philippe; Glenzer, Franca; Lee, Minjoon; Leroux, Marie-Louise
    Published: [2021]
    Publisher:  [ESG UQÀM, Département des sciences économiques, École des sciences de la gestion, Université du Québec à Montréal], [Montréal]

    COVID-19 outbreaks at nursing homes during the recent pandemic, which received ample media coverage, may have lasting negative impacts on individuals’ perceptions regarding nursing homes. We argue that this could have sizable and persistent... more

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    COVID-19 outbreaks at nursing homes during the recent pandemic, which received ample media coverage, may have lasting negative impacts on individuals’ perceptions regarding nursing homes. We argue that this could have sizable and persistent implications for savings and long-term care policies. We first develop a theoretical model predicting that higher nursing home aversion should induce higher savings and stronger support for policies subsidizing home care. We further document, based on a survey on Canadians in their 50s and 60s, that higher nursing home aversion is widespread: 72% of respondents are less inclined to enter a nursing home because of the pandemic. Consistent with our model, we find that the latter are much more likely to have higher intended savings for older age because of the pandemic. We also find that they are more likely to strongly support home care subsidies.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/264150
    Series: Document de travail / ESG UQÀM, Département des sciences économiques, École des sciences de la gestion, Université du Québec à Montréal ; no. 2021, 08 (Septembre 2021)
    Subjects: Pandemic Risk; Nursing Home; Long-Term Care; Savings; Public Policy
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  6. Nursing home aversion post-pandemic
    implications for savings and long-term care policy
    Author: Achou, Bertrand; De Donder, Philippe; Glenzer, Franca; Lee, Minjoon; Leroux, Marie-Louise
    Published: September 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    COVID-19 outbreaks at nursing homes during the recent pandemic, which received ample media coverage, may have lasting negative impacts on individuals’ perceptions regarding nursing homes. We argue that this could have sizable and persistent... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 63
    Inter-library loan:
    No inter-library loan

     

    COVID-19 outbreaks at nursing homes during the recent pandemic, which received ample media coverage, may have lasting negative impacts on individuals’ perceptions regarding nursing homes. We argue that this could have sizable and persistent implications for savings and long-term care policies. We first develop a theoretical model predicting that higher nursing home aversion should induce higher savings and stronger support for policies subsidizing home care. We further document, based on a survey on Canadians in their 50s and 60s, that higher nursing home aversion is widespread: 72% of respondents are less inclined to enter a nursing home because of the pandemic. Consistent with our model, we find that the latter are much more likely to have higher intended savings for older age because of the pandemic. We also find that they are more likely to strongly support home care subsidies.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/245476
    Series: CESifo working paper ; no. 9295 (2021)
    Subjects: pandemic risk; nursing home; long-term care; savings; public policy
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  7. Nursing home aversion post-pandemic
    implications for savings and long-term care policy
    Author: Achou, Bertrand; De Donder, Philippe; Glenzer, Franca; Lee, Minjoon; Leroux, Marie-Louise
    Published: [2021]
    Publisher:  CIRANO, [Montréal]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Cahier scientifique / CIRANO ; 2021s, 35
    Subjects: Pandemic Risk; Nursing Home; Long-Term Care; Savings; Public Policy
    Scope: 1 Online-Ressource (circa 59 Seiten), Illustrationen
  8. Nursing home aversion post-pandemic
    implications for savings and long-term care policy
    Author: Achou, Bertrand; De Donder, Philippe; Glenzer, Franca; Lee, Minjoon; Leroux, Marie-Louise
    Published: September 2021
    Publisher:  Retirement and Savings Institute, [Montréal]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Institut sur la retraite et l'épargne, HEC Montréal ; no. 7
    Subjects: Pandemic Risk; Nursing Home; Long-Term Care; Savings; Public Policy
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  9. House prices and rents
    a reappraisal
    Author: Achou, Bertrand; Albis, Hippolyte d’; Iliopulos, Eleni
    Published: September 2021
    Publisher:  Retirement and Savings Institute, [Montréal]

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    Series: Working paper / Institut sur la retraite et l'épargne, HEC Montréal ; no. 6
    Subjects: Housing; Rental Markets; Collateral Constraints; Financial Frictions
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  10. Nursing home aversion post-pandemic
    implications for savings and long-term care policy
    Author: Achou, Bertrand; De Donder, Philippe; Glenzer, Franca; Lee, Minjoon; Leroux, Marie-Louise
    Published: September 2021
    Publisher:  Toulouse School of Economics, [Toulouse]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / Toulouse School of Economics ; no 1249
    Subjects: Pandemic Risk; Nursing Home; Long-Term Care; Savings; Public Policy
    Scope: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  11. Real estate and rental markets during Covid times
    Author: Achou, Bertrand; Albis, Hippolyte d’; Iliopulos, Eleni
    Published: [2021]
    Publisher:  Paris School of Economics, Paris

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    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Paris School of Economics ; no 2021, 34
    Subjects: housing; rental markets; collateral constraints; financial frictions; HANK models
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  12. Mitiger les impacts économiques du vieillissement sur la croissance et les recettes publiques
    la piste du redosage fiscal
    Author: Achou, Bertrand; Décarie, Yann; Godbout, Luc; Michaud, Pierre-Carl; Navaux, Julien; St-Cerny, Suzie
    Published: [2021]
    Publisher:  CIRANO, [Montréal]

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    Source: Union catalogues
    Language: French
    Media type: Book
    Format: Online
    Series: Cahier scientifique / CIRANO ; 2021s, 04
    Subjects: Alternde Bevölkerung; Wirkungsanalyse; Wirtschaftswachstum; Öffentliche Einnahmen; Finanzpolitik; Kanada
    Scope: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  13. La pandémie de COVID-19 et ses effets sur les finances publiques du gouvernement du Québec 2020-2035
    Author: Achou, Bertrand; Décarie, Yann; Fonseca, Raquel; Michaud, Pierre-Carl; Navaux, Julien
    Published: [2020]
    Publisher:  CIRANO, Montréal

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    Source: Union catalogues
    Language: French
    Media type: Book
    Format: Online
    Series: Rapport de projet / CIRANO ; 2020RP, 29
    Subjects: Coronavirus; Öffentliche Finanzen; Öffentlicher Haushalt; Quebec (Provinz); Kanada
    Scope: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  14. Housing in Medicaid
    should it really change?
    Author: Achou, Bertrand
    Published: March 2020
    Publisher:  Retirement and Savings Institute, [Montréal]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Institut sur la retraite et l'épargne, HEC Montréal ; no. 3
    Scope: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  15. Mitiger les impacts économiques du vieillissement sur la croissance et les recettes publiques
    la piste du redosage fiscal
    Author: Achou, Bertrand; Décarie, Yann; Godbout, Luc; Michaud, Pierre-Carl; Navaux, Julien; St-Cerny, Suzie
    Published: février 2021
    Publisher:  Chaire de recherche sur les enjeux économiques intergénérationnels, [Montréal]

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    Source: Union catalogues
    Language: French
    Media type: Book
    Format: Online
    Series: Cahier de recherche / Chaire de recherche sur les enjeux économiques intergénérationnels ; 21, 02
    Subjects: Alternde Bevölkerung; Steuereinnahmen; Steuerpolitik; Wirtschaftswachstum; Quebec (Provinz); Kanada
    Scope: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  16. At home versus in a nursing home
    long-term care settings and marginal utility
    Author: Achou, Bertrand; De Donder, Philippe; Glenzer, Franca; Lee, Minjoon; Leroux, Marie-Louise
    Published: [2023]
    Publisher:  Département des Sciences Économiques, Université du Québec à Montréal, Montréal, (Québec), Canada

    Marginal utility of financial resources when needing long-term care, and the related incentives for precautionary savings and insurance, may vary significantly by whether one receives care at home or in a nursing home. In this paper, we develop... more

    Access:
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 759
    Inter-library loan:
    No inter-library loan

     

    Marginal utility of financial resources when needing long-term care, and the related incentives for precautionary savings and insurance, may vary significantly by whether one receives care at home or in a nursing home. In this paper, we develop strategic survey questions to estimate those differences. All else equal, we find that the marginal utility is significantly higher when receiving care at home rather than in a nursing home. We then use these estimates within a quantitative life cycle model to evaluate the impact of the expected choice of care setting (home versus nursing home) on precautionary savings and insurance valuation. The estimated marginal utility differences imply a significant increase in the incentives to save when expecting to receive care at home. Larger incentives to self-insure also translate to a higher valuation of additional subsidies for home care than for nursing homes, shedding light on an efficient way to expand public long-term care subsidies. We also examine how the magnitude of our results quantitatively vary with the existing public long-term care subsidies.

     
    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / ESG UQÀM, Département des sciences économiques, École des sciences de la gestion, Université du Québec à Montréal ; no. 2023, 02 (Mai 2023)
    Subjects: Long-term Care; Marginal Utility; Home Care; Nursing Home; Savings
    Scope: 1 Online-Ressource (circa 108 Seiten), Illustrationen
  17. At home versus in a nursing home
    long-term care settings and marginal utility
    Author: Achou, Bertrand; De Donder, Philippe; Glenzer, Franca; Lee, Minjoon; Leroux, Marie-Louise
    Published: May 30, 2023
    Publisher:  Carleton University, Department of Economics, Ottawa, Ontario, Canada

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Carleton economics working papers ; CEWP 23, 02
    Subjects: Long-term Care; Marginal Utility; Home Care; Nursing Home; Savings
    Scope: 1 Online-Ressource (circa 107 Seiten), Illustrationen
  18. At home versus in a nursing home
    long-term care settings and marginal utility
    Author: Achou, Bertrand; De Donder, Philippe; Glenzer, Franca; Lee, Minjoon; Leroux, Marie-Louise
    Published: [2023]
    Publisher:  Netspar, Network for Studies on Pensions, Aging and Retirement, [Tilburg]

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    Source: Union catalogues
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    Format: Online
    Series: Array ; 2023, 030 (06)
    Subjects: Long-term Care; Marginal Utility; Home Care; Nursing Home; Savings
    Scope: 1 Online-Ressource (circa 107 Seiten), Illustrationen
  19. At home versus in a nursing home
    long-term care settings and marginal utility
    Author: Achou, Bertrand; De Donder, Philippe; Glenzer, Franca; Lee, Minjoon; Leroux, Marie-Louise
    Published: May 2023
    Publisher:  Chaire de recherche sur les enjeux économiques intergénérationnels, [Montréal]

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    Source: Union catalogues
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    Media type: Book
    Format: Online
    Series: Working paper / Chaire de recherche sur les enjeux économiques intergénérationnels ; 23, 03
    Subjects: Long-term Care; Marginal Utility; Home Care; Nursing Home; Savings
    Scope: 1 Online-Ressource (circa 108 Seiten), Illustrationen