Does the family have a good understanding of their long -term nursing risks? -Re retirement research center

introduce

Many elderly people will need a certain degree of long -term care (LTC) in the future life, and more than half of them need more in -depth support, usually for a long time. Meeting this high intensity, long -term LTC demand (provided by family members or formal nursing by paying) may be very large. This article solves whether the elderly understand their LTC risks and their views of their views differently because of their social and economic characteristics.

Despite a large number of literatures about LTC risks and insurance, few research may be concentrated on whether people may help with daily activities of age. Those who overestimate their risks may limit the expenditure of retirement wealth and unnecessary to restrict their retirement consumption. Those who underestimate their risks may encounter unsatisfactory needs, or they must spend money to get medical subsidies.

This study is used Health and Retirement Research (HRS) The two measures for self -evaluated LTC risks are compared with the objective probability of eventually meeting the objective probability of high -intensity care. The first subjective measure is the risk of a person who thinks to move into a nursing home. The second measure is the risk of being unable to manage their affairs due to cognitive limitations. The analysis aims to evaluate individuals to accurately perceive their risks and their views due to the changes in social and economic groups.

The discussion is as follows. The first part provides some backgrounds for LTC risk, providing limited research on nursing and self -assessing LTC risks. The second part describes the data and problems for soliciting LTC perception. The third part discusses the model to predict the current high -intensity care needs of 65 -year -old children. The fourth part evaluates whether the available measurement of subjective risks capture the same concepts of objective risks as high -intensity requirements, and reports the concept of how to change the social and economic groups of subjective evaluation. The final part of the conclusion is that these two subjective measures are not good agents of objective risks. However, checking the subjective response how to be different from population statistics does provide some useful insights. Specifically, black and Spanish people seem optimistic about their future demand compared to other groups. Although women seem to realize the average LTC risk, they may not realize that they are facing risks that need to be higher than the average level. These findings are worrying, because these groups not only need high intensity, the highest objective risks of long -term care, but they also provide very few resources.