Hanewald, Katja; Bateman, Hazel; Fang, Hanming; Ho, Tin Long - National Bureau of Economic Research - 2022
This paper explores new mechanisms to fund long-term care using housing wealth. Using data from an online experimental … that allow individuals to access their housing wealth to buy long-term care insurance. We find that access to housing … wealth increases the stated demand for long-term care insurance. When they could only use savings, participants used on …