Human Capital Working Papers

Below is a selection of the Atlanta Fed's working paper series that focus on the topic of human capital. You can also view the complete collection of papers produced by the economists in our Research Department.


2017

Old, Frail, and Uninsured: Accounting for Puzzles in the U.S. Long-Term Care Insurance Market

R. Anton Braun, Karen A. Kopecky, and Tatyana Koreshkova
Working Paper 2017-3 (March)
Half of elderly individuals will experience a nursing home stay, and the risk of out-of-pocket expenses that exceed $200,000 is significant. Yet only 10 percent of them have private long-term care insurance, and many applications are rejected. We attribute these observations to adverse selection, insurers' overhead costs, and Medicaid.

Select an archived year: