Why Is the Market or Long-term Care Insurance So Small?

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Incidental Bequests: Bequest Motives and the Choice to Self-Insure Late-Life Risks (2014, background): “, 2006) and long-term care insurance (Brown and Finkelstein, 2007).”
Chapter 21 - Household Finance: An Emerging Field∗ (2013, unknown): “Brown and Finkelstein, 2007; Cole et al., in press; Gine, Townsend, and Vickery, 2008). Third, we have only briefly touched upon the growing literature on investor protection when we dealt with portfolio delegation and financial advice. The growing attention to the issue of protecting households aga”
Home equity commitment and long-term care insurance demand (2010, methodology): “Brown and Finkelstein (2007) present simulations in which Medicaid justifies absence of coverage up to a fairly high (1)Postlewaite et al.”
Testing for Adverse Selection in Insurance Markets (2010, unknown): “However, only about 10 percent of the elderly have a private long term care insurance plan (Brown and Finkelstein, 2007).”
Social Insurance: Connecting Theory to Data (2012, unknown): “Many insurance markets show evidence of non-trivial loading factors, including long-term care insurance (Brown and Finkelstein, 2007), annuity markets (Friedman and Warshawsky, 1990; Mitchell et al.”