Article (Scientific journals)
Long-term care insurance and optimal taxation for altruistic children
Jousten, Alain; Lipszyc, B.; Marchand, Maurice et al.
2005In Finanz-Archiv, 61 (1), p. 1-18
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Keywords :
long-term care; altruism; social security
Abstract :
[en] We model long-term care insurance in an optimal taxation framework. Every adult decides upon the amount and type of care he purchases for his dependent parent. We consider two alternatives: nursing-home care provided by the government, and home care paid by the child with some lump-sum subsidy by the government. The only source of information asymmetry is the government's inability to observe the degree of altruism of the adult child for his/her parent. Further tax collection entails some social costs. In such a second-best setting, we show that the quality of institutional care has to be kept relatively low and that compared to altruistic children, nonaltruistic ones enjoy a high level of consumption.
Disciplines :
Finance
Author, co-author :
Jousten, Alain ;  Université de Liège - ULiège > HEC - École de gestion de l'ULiège > Théorie monétaire et macroéconomie
Lipszyc, B.
Marchand, Maurice
Pestieau, Pierre  ;  Université de Liège - ULiège > HEC - École de gestion de l'ULiège > Economie publique
Language :
English
Title :
Long-term care insurance and optimal taxation for altruistic children
Publication date :
2005
Journal title :
Finanz-Archiv
ISSN :
0015-2218
eISSN :
1614-0974
Publisher :
Mohr Siebeck, Tubingen, Germany
Volume :
61
Issue :
1
Pages :
1-18
Peer reviewed :
Peer Reviewed verified by ORBi
Available on ORBi :
since 31 July 2009

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