Details
| Originalsprache | Englisch |
|---|---|
| Seiten (von - bis) | 626-643 |
| Seitenumfang | 18 |
| Fachzeitschrift | Geneva Papers on Risk and Insurance: Issues and Practice |
| Jahrgang | 35 |
| Ausgabenummer | 4 |
| Publikationsstatus | Veröffentlicht - 1 Okt. 2010 |
Abstract
The discussion concerning long-term care insurance in Germany barely exceeds the financial state of the social system. The view of the insured involved is largely ignored. This paper analyses the effect of the introduction of compulsory long-term care insurance in 1995 in Germany on the perception of financial security when needing long-term care. Using different regression techniques on a subset of the German Socio-Economic Panel (SOEP) data, we show that the introduction led to a general positive shift of the assessment. Furthermore, experience with long-term care had no significant effect before the introduction but a positive effect afterwards. Also, the perception of financial security is found to be increasing with income at both times with similar magnitudes.
ASJC Scopus Sachgebiete
- Betriebswirtschaft, Management und Rechnungswesen (insg.)
- Bilanzierung
- Betriebswirtschaft, Management und Rechnungswesen (insg.)
- Volkswirtschaftslehre, Ökonometrie und Finanzen (insg.)
- Finanzwesen
- Volkswirtschaftslehre, Ökonometrie und Finanzen (insg.)
- Volkswirtschaftslehre und Ökonometrie
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in: Geneva Papers on Risk and Insurance: Issues and Practice, Jahrgang 35, Nr. 4, 01.10.2010, S. 626-643.
Publikation: Beitrag in Fachzeitschrift › Artikel › Forschung › Peer-Review
}
TY - JOUR
T1 - Impact of the Introduction of the Social Long-Term Care Insurance in Germany on Financial Security Assessment in Case of Long-Term Care Need
AU - Zuchandke, Andy
AU - Reddemann, Sebastian
AU - Krummaker, Simone
AU - Von Der Schulenburg, J. Matthias Graf
PY - 2010/10/1
Y1 - 2010/10/1
N2 - The discussion concerning long-term care insurance in Germany barely exceeds the financial state of the social system. The view of the insured involved is largely ignored. This paper analyses the effect of the introduction of compulsory long-term care insurance in 1995 in Germany on the perception of financial security when needing long-term care. Using different regression techniques on a subset of the German Socio-Economic Panel (SOEP) data, we show that the introduction led to a general positive shift of the assessment. Furthermore, experience with long-term care had no significant effect before the introduction but a positive effect afterwards. Also, the perception of financial security is found to be increasing with income at both times with similar magnitudes.
AB - The discussion concerning long-term care insurance in Germany barely exceeds the financial state of the social system. The view of the insured involved is largely ignored. This paper analyses the effect of the introduction of compulsory long-term care insurance in 1995 in Germany on the perception of financial security when needing long-term care. Using different regression techniques on a subset of the German Socio-Economic Panel (SOEP) data, we show that the introduction led to a general positive shift of the assessment. Furthermore, experience with long-term care had no significant effect before the introduction but a positive effect afterwards. Also, the perception of financial security is found to be increasing with income at both times with similar magnitudes.
KW - Germany
KW - introduction
KW - long-term care insurance
KW - risk perception
KW - social insurance
UR - http://www.scopus.com/inward/record.url?scp=77958154762&partnerID=8YFLogxK
U2 - 10.1057/gpp.2010.26
DO - 10.1057/gpp.2010.26
M3 - Article
AN - SCOPUS:77958154762
VL - 35
SP - 626
EP - 643
JO - Geneva Papers on Risk and Insurance: Issues and Practice
JF - Geneva Papers on Risk and Insurance: Issues and Practice
SN - 1018-5895
IS - 4
ER -