This paper shows that public debt issue may be regressive given the following three conditions: that the number of children varies among families; that a bequest motive implies operative intergenerational transfers; and that debt finance of government expenditure postpones its actual payment to...

One of the pervasive problems with means-tested public long term care (LTC) programs is their inability to prevent individuals who could afford private long term services from taking advantage of public care. They often manage to elude the means-test net through “strategic impoverishment”....