New Findings from Catholic University of Louvain in the Area of Economics Described (Arrow’s theorem of the deductible and long-term care insurance)

By a News Reporter-Staff News Editor at Economics Week -- Data detailed on Economics have been presented. According to news originating from Louvain la Neuve, Belgium, by VerticalNews correspondents, research stated, "Long-term care (LTC) needs are expected to increase in the next decades."

Our news journalists obtained a quote from the research from the Catholic University of Louvain, "This calls for more involvement of the market that today covers less than 10% of these needs. We analyze which features an optimal LTC insurance policy should incorporate."

According to the news editors, the research concluded: "Following Arrow (1963) we suggest that such policy should consist of complete insurance above a deductible amount."

For more information on this research see: Arrow's theorem of the deductible and long-term care insurance. Economics Letters, 2016;148():103-105. Economics Letters can be contacted at: Elsevier Science Sa, PO Box 564, 1001 Lausanne, Switzerland. (Elsevier - www.elsevier.com; Economics Letters - www.journals.elsevier.com/economics-letters/)

The news correspondents report that additional information may be obtained from J.H. Dreze, Catholic University of Louvain, Center Operat Res & Econometr, B-1348 Louvain La Neuve, Belgium. Additional authors for this research include P. Pestieau and E. Schokkaert.

Keywords for this news article include: Louvain la Neuve, Belgium, Europe, Economics, Catholic University of Louvain.

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