We focus on two central aspects of long-term care (LTC) policy change: the housing situation of elderly people and wealth distribution of elderly people in connection to their use and expenditure of LTC.
-Elderly people have a strong preference to staying put / ageing in place. -Elderly people are myopic in their housing & care decisions. Often, these are forced choices when care is needed; Few alternatives to choose from -Important to know preferences of the elderly w.r.t. housing & care in order to steer the market to a win-win situation. Better choices by the elderly if made on time. Lower public costs of LTC (expectedly higher proportion of non-institutionalized care) - Taste heterogeneity expected. Demographic, health and housing variables