DP11365 The public economics of long term care
With the rapid increase in LTC needs, the negligible role of the market
and the declining role of informal family care, one would hope that the
government would take a more proactive role in the support of dependent
elderly, particularly those who cannot, whatever the reason, count on
assistance from their family. The purpose of this paper is to analyze the
possibility of designing a sustainable public LTC scheme integrating both
the market and the family.