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Titolo: Public vs private demand for covering long term care expenditures
Data di pubblicazione: 2010
Citazione: Public vs private demand for covering long term care expenditures / BRAU R; LIPPI BRUNI M; PINNA A. - In: APPLIED ECONOMICS. - ISSN 0003-6846. - 42:28(2010), pp. 3651-3668.
Abstract: This article studies the determinants of the Willingness to Pay (WTP) for Long-Term Care (LTC) insurance coverage. Two alternatives are considered: one compulsory, financed through taxes, the other purchased on a voluntary basis and paid through a premium. WTP was elicited through open-ended contingent valuation within a survey conducted in the Italian region Emilia-Romagna about LTC population needs. We model information on individual WTP as a two-stage process, where respondents first establish their interest for LTC cover, then state their WTP. Results show that interest and WTP are influenced by different variables, and that differences arise also between the WTP for public and private coverage.
Tipologia:1.1 Articolo in rivista

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