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Nursing Home Aversion Post-Pandemic: Implications for Savings and Long-Term Care Policy

Authors: Bertrand Achou; Philippe De Donder; Franca Glenzer; Minjoon Lee; Marie-Louise Leroux;

Nursing Home Aversion Post-Pandemic: Implications for Savings and Long-Term Care Policy

Abstract

COVID-19 outbreaks at nursing homes during the recent pandemic, which received ample media coverage, may have lasting negative impacts on individuals’ perceptions regarding ursing homes. We argue that this could have sizable and persistent implications for savings and long-term care policies. We first develop a theoretical model predicting that higher nurs- ing home aversion should induce higher savings and stronger support for policies subsidizing home care. We further document, based on a survey on Canadians in their 50s and 60s, that higher nursing home aversion is widespread: 72% of respondents are less inclined to enter a nursing home because of the pandemic. Consistent with our model, we find that the latter are much more likely to have higher intended savings for older age because of the pandemic. We also find that they are more likely to strongly support home care subsidies.

Countries
Netherlands, France, France
Subjects by Vocabulary

Microsoft Academic Graph classification: Coronavirus disease 2019 (COVID-19) Public policy Media coverage Pandemic Subsidy Long-term care Demographic economics Business Nursing homes

Dewey Decimal Classification: ddc:330

Keywords

History, Organizational Behavior and Human Resource Management, Economics and Econometrics, Polymers and Plastics, JEL: I - Health, Education, and Welfare/I.I3 - Welfare, Well-Being, and Poverty/I.I3.I31 - General Welfare, Well-Being, public policy, Public Policy, Industrial and Manufacturing Engineering, H31, H53, D14, I31, I10, Business and International Management, [SHS.ECO] Humanities and Social Sciences/Economics and Finance, Savings, B- ECONOMIE ET FINANCE, H51, Pandemic Risk, savings, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, Long-Term Care, JEL: I - Health, Education, and Welfare/I.I1 - Health/I.I1.I10 - General, pandemic risk, nursing home, Nursing Home, long-term care, JEL: D - Microeconomics/D.D1 - Household Behavior and Family Economics/D.D1.D14 - Household Saving; Personal Finance, JEL: H - Public Economics/H.H3 - Fiscal Policies and Behavior of Economic Agents/H.H3.H31 - Household, JEL: H - Public Economics/H.H5 - National Government Expenditures and Related Policies/H.H5.H51 - Government Expenditures and Health, JEL: H - Public Economics/H.H5 - National Government Expenditures and Related Policies/H.H5.H53 - Government Expenditures and Welfare Programs

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    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
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    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
  • citations
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    7
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
7
Top 10%
Average
Top 10%
Funded by
ANR| CHESS
Project
CHESS
Toulouse Graduate School défis en économie et sciences sociales quantitatives
  • Funder: French National Research Agency (ANR) (ANR)
  • Project Code: ANR-17-EURE-0010
,
SSHRC
Project
  • Funder: Social Sciences and Humanities Research Council (SSHRC)
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