On children’s motives to influence parents’ long-term care insurance purchase – Evidence from Switzerland
Détails
Télécharger: s41288-022-00273-7.pdf (795.46 [Ko])
Etat: Public
Version: Final published version
Licence: CC BY 4.0
Etat: Public
Version: Final published version
Licence: CC BY 4.0
ID Serval
serval:BIB_CBB7FB31691E
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
On children’s motives to influence parents’ long-term care insurance purchase – Evidence from Switzerland
Périodique
Geneva Papers on Risk and Insurance - Issues and Practice
Statut éditorial
Publié
Date de publication
2023
Peer-reviewed
Oui
Volume
48
Pages
102-129
Langue
anglais
Résumé
Long-term care (LTC) is not only a concern for elderly individuals but also for their adult children as the latter often provide financial support and informal care to their elderly dependent parents. Therefore, adult children might have strong incentives to have their parents purchase LTC insurance. Using data from a 2019 Swiss survey, this article first identifies a set of variables, including self-reporting interest about LTC insurance, living with their children and having provided informal help with personal care, which help predict the interest of adult children in having their parents covered against LTC risk. Second, it investigates the main characteristics of the motives for children to influence their parents to purchase LTC insurance, being classified either as altruistic motives, i.e. related to parental well-being, or as self-interested motives, i.e., related to the child’s well-being. Results offer valuable insights for both policy makers and insurers when designing public LTC policies and LTC insurance products.
Mots-clé
long-term care insurance, adult children, informal care, bequest
Pubmed
Open Access
Oui
Financement(s)
Fonds national suisse / Projets / 100018_169662
Création de la notice
04/04/2022 8:04
Dernière modification de la notice
26/06/2024 6:25