Mommaerts (2015) builds a model of informal care provision and formal care organization for frail parents trying to understand the link between the availability of informal care and demand for private long-term care insurance in the U. [...] While informal care takes place in the home of the care dependent, mostly by family members, formal care can either be provided in an institutionalized old-age care home or by professional care 5 providers in the person’s home.5 Table 1 gives information on requirements and benefits in the 5 care levels in Germany. [...] The outcome variable for informal care demand is the usage of informal care (except informal care from the spouse) in the household of the parent. [...] The evolution of years of work experience and care experience is important for the wage process and the collection of pension points in times of informal care supply. [...] For more information on the estimation, see Appendix Section A.12 36Estimates for the probability to belong to one of the two unobserved latent types is given in Table 23 in the Appendix 37Estimation results of the exogenous processes are presented in the Appendices.
- Pages
- 91
- Published in
- Germany
