Distributional Effects of Alternative Strategies for Financing Long-Term Services and Supports and Assisting Family Caregivers

Research Report

Distributional Effects of Alternative Strategies for Financing Long-Term Services and Supports and Assisting Family Caregivers

Abstract

This study examines how the need for long-term services and supports and their use vary by socioeconomic status and simulates the potential impact of various financing options. Our results show that older people with limited financial resources are more likely to develop serious needs and receive paid help than their counterparts with more financial resources. People with little wealth also tend to need and receive help for a relatively long time. The simulations reveal that the impact of alternative financing options, such as caregiver tax credits, subsidized respite care, and expanded social insurance, varies with income.

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Cross-Center Initiative

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