Details
| Original language | English |
|---|---|
| Pages (from-to) | 626-643 |
| Number of pages | 18 |
| Journal | Geneva Papers on Risk and Insurance: Issues and Practice |
| Volume | 35 |
| Issue number | 4 |
| Publication status | Published - 1 Oct 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.
Keywords
- Germany, introduction, long-term care insurance, risk perception, social insurance
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- Accounting
- Business, Management and Accounting(all)
- General Business,Management and Accounting
- Economics, Econometrics and Finance(all)
- Finance
- Economics, Econometrics and Finance(all)
- Economics and Econometrics
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In: Geneva Papers on Risk and Insurance: Issues and Practice, Vol. 35, No. 4, 01.10.2010, p. 626-643.
Research output: Contribution to journal › Article › Research › 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 -