Income and the utilization of long-term care services
Subtitle: evidence from the social security benefit notch
By: Gopi Shah Goda, Ezra Golberstein, David C. Grabowski
Contributors: Golberstein, Ezra; Grabowski, David C.; National Bureau of Economic Research
Series: NBER working paper series -- working paper 16076; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16076.
Publisher: National Bureau of Economic Research
Published: 2010
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "The NBER Bulletin on Aging and Health provides summaries of publications like this.  You can sign up to receive the NBER Bulletin on Aging and Health by email.  This paper estimates the impact of income on the long-term care utilization of elderly Americans using a natural experiment that led otherwise similar retirees to receive significantly different Social Security payments based on their year of birth.  Using data from 1993 and 1995 waves of the AHEAD, we estimate instrumental variables models and find that a positive permanent income shock lowers nursing home use but increases the utilization of paid home care services.  We find some suggestive evidence that the effects are due to substitution of home care for nursing home utilization.  The magnitude of these estimates suggests that moderate reductions in post-retirement income would significantly alter long-term utilization patterns among elderly individuals"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 6/24/2010.

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