Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/44511
Authors: 
Määttänen, Niku
Valkonen, Tarmo
Year of Publication: 
2010
Series/Report no.: 
ETLA discussion paper 1223
Abstract: 
We study old age care expenditures and means to prepare for them. The expected size of the expenditures is described both from the point of view of individuals and the municipalities who provide the services. We use a numerical stochastic life cycle model to research how much various individuals would benefit from a possibility to buy a long term care insurance policy in stead of using private saving to cover the uncertain expenditures. In addition, the influence of customer fees and vouchers on the value of the long term care insurance is analyzed.
Document Type: 
Working Paper

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