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Nursing Homes in Equilibrium: Implications for Long-term Care Policies
dc.contributor.authorKoreshkova, Tatyana
dc.contributor.authorLee, Minjoon
dc.date.accessioned2021-06-21T14:11:04Z
dc.date.available2021-06-21T14:11:04Z
dc.date.issued2020-09
dc.identifier.citationKoreshkova, Tatyana and Minjoon Lee. 2020. “Nursing Homes in Equilibrium: Implications for Long-term Care Policies.” Ann Arbor, MI. University of Michigan Retirement and Disability Research Center (MRDRC) Working Paper; MRDRC WP 2020-414. https://mrdrc.isr.umich.edu/publications/papers/pdf/wp414.pdfen_US
dc.identifier.urihttps://hdl.handle.net/2027.42/168220en
dc.description.abstractWe build an equilibrium model of the market for nursing home care with decision-makers on both sides of the market. The nursing home demand arises as a result of stochastic dynamic optimizations by households heterogeneous in age, health, wealth; and the cost of home-and-community-based care. On the supply side, locally competitive nursing homes decide prices and care intensity. The government pays for the long-term care of the poorest. We estimate the model parameters using Health and Retirement Survey and simulate the model to quantitatively evaluate the effects of long-term care policies on prices, intensities, care allocation, and welfare.en_US
dc.description.sponsorshipU.S. Social Security Administration, RDR18000002-02, UM20-13en_US
dc.language.isoen_USen_US
dc.relation.ispartofseriesMRDRC WP 2020-414en_US
dc.subject: Long-term Care, Nursing Home, Medicaiden_US
dc.titleNursing Homes in Equilibrium: Implications for Long-term Care Policiesen_US
dc.typeWorking Paperen_US
dc.subject.hlbsecondlevelPopulation and Demography
dc.subject.hlbtoplevelSocial Sciences
dc.contributor.affiliationotherConcordia Universityen_US
dc.contributor.affiliationotherCarleton Universityen_US
dc.contributor.affiliationumcampusAnn Arboren_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/168220/1/wp414.pdf
dc.identifier.doihttps://dx.doi.org/10.7302/1647
dc.description.filedescriptionDescription of wp414.pdf : working paper
dc.description.depositorSELFen_US
dc.working.doi10.7302/1647en_US
dc.owningcollnameRetirement and Disability Research Center, Michigan (MRDRC)


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