Findings on Finance Discussed by Investigators at Nanjing University of Finance and Economics (Financial Support for Unmet Need for Personal Assistance With Daily Activities: Implications From China’s Long-term Care Insurance Pilots): Finance

2022 MAR 01 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Investigators publish new report on Finance. According to news originating from Nanjing, People’s Republic of China, by NewsRx correspondents, research stated, “This study investigates the association between income and unmet need for personal assistance with daily activities and introduces four policy options for financial support for the unmet need, particularly the public long-term care insurance (LTCI) system.”

Financial supporters for this research include Social Science Fund of Jiangsu Province, Philosophy and Social Science Fund of Jiangsu Colleges and Universities, Project of Jiangsu Institute of Social Security, Nanjing University of Finance and Economics.

Our news journalists obtained a quote from the research from the Nanjing University of Finance and Economics, “Using the logit model and random forest algorithm, we find that household income is a significant contributing factor to unmet need. Moreover, we find that older adults in the low-income group have a higher level of unmet needs.”

According to the news editors, the research concluded: “China’s policy experimentation shows that financial support can be provided in the policy arrangements of LTCI financing with low individual contributions and benefits with a high reimbursement rate.”

This research has been peer-reviewed.

For more information on this research see: Financial Support for Unmet Need for Personal Assistance With Daily Activities: Implications From China’s Long-term Care Insurance Pilots. Finance Research Letters, 2022;45:1-8. Finance Research Letters can be contacted at: Academic Press Inc Elsevier Science, 525 B St, Ste 1900, San Diego, CA 92101-4495, USA. (Elsevier - www.elsevier.com; Finance Research Letters - http://www.journals.elsevier.com/finance-research-letters/)

The news correspondents report that additional information may be obtained from Guangchuan Zhao, Nanjing University of Finance and Economics, School of Public Administration, Nanjing 210023, People’s Republic of China.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.frl.2021.102590. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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