The Rise in Old-Age Longevity and the Market for Long-Term Care

Darius Lakdawalla; Tomas Philipson

doi:10.1257/000282802760015739

American Economic Review Vol. 92 No. 1 2002

The Rise in Old-Age Longevity and the Market for Long-Term Care

Darius Lakdawalla¹; Tomas Philipson²

¹ RAND, 1700 Main Street, Santa Monica, CA 90407, and National Bureau of Economic Research. · ² Harris School of Public Policy, Department of Economics, and The Law School, University of Chicago, 1155 E. 60th Street, Chicago, IL 60637.

Abstract

This paper analyzes how markets for old-age care respond to the aging of populations. We consider how the biological forces which govern the stocks of frail and healthy persons in a population interact with economic forces which govern the demand and supply for labor-intensive care.... We test our predictions empirically using state- and county-level evidence on the U.S. market for long-term care in nursing homes over the last three decades. (EXCERPT)

DOI: 10.1257/000282802760015739
Volume: 92
Issue: 1
Pages: 295-306
Language: en
Sources: bibtex:phds-export.bib crossref openalex

The Rise in Old-Age Longevity and the Market for Long-Term Care

Abstract

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