1 option
Income and the Utilization of Long-Term Care Services: Evidence from the Social Security Benefit Notch / Gopi Shah Goda, Ezra Golberstein, David C. Grabowski.
- Format:
- Book
- Author/Creator:
- Goda, Gopi Shah.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w16076.
- NBER working paper series no. w16076
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Income and the Utilization of Long-Term Care Services
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2010.
- Summary:
- This paper estimates the impact of income on the long-term care utilization of elderly Americans using a natural experiment that led otherwise similar retirees to receive significantly different Social Security payments based on their year of birth. Using data from the 1993 and 1995 waves of the AHEAD, we estimate instrumental variables models and find that a positive permanent income shock lowers nursing home use but increases the utilization of paid home care services. We find some suggestive evidence that the effects are due to substitution of home care for nursing home utilization. The magnitude of these estimates suggests that moderate reductions in post-retirement income would significantly alter long-term utilization patterns among elderly individuals.
- Notes:
- Print version record
- June 2010.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.