Comparative Modeling of Long-Term Care in Hours: Parameter Estimation for microWELT

Thomas Leoni; P. Reschenhofer; M. Spielauer; T. Horvath; Ulrike Famira-Mühlberger; Philipp Warum

Comparative Modeling of Long-Term Care in Hours: Parameter Estimation for microWELT

Thomas Leoni
, P. Reschenhofer
, M. Spielauer
, T. Horvath
, Ulrike Famira-Mühlberger
, Philipp Warum

Faculty of Business

Austrian Institute of Economic Research (WIFO)
Austrian Institute of Economic Research

Research output: Working paper

Abstract

This paper describes a novel method for the comparative estimation of long-term care needs, care arrangements and care gaps. Our approach generalizes an Austrian administrative procedure for the assessment of care needs and uses data from the Survey of Health, Ageing and Retirement in Europe (SHARE) to quantify the demand for and supply of long-term care in hours, distinguishing between care provided in nursing homes, formal home care, informal care by spouses and other informal care. The resulting estimates serve as parameters to introduce long-term care into the dynamic microsimulation model microWELT. The method developed in this paper thus provides the basis for long-term projections and policy scenarios for the long-term care sector, considering major socio-demographic trends such as population ageing, fertility decline and educational expansion.

Original language	English
Place of Publication	Wien
Publisher	WIFO - Österreichisches Institut für Wirtschaftsforschung
Publication status	Published - 9 Jan 2025

Publication series

Name	WIFO Working Papers
No.	693

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https://www.wifo.ac.at/en/publication/420235/

Cite this

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abstract = "This paper describes a novel method for the comparative estimation of long-term care needs, care arrangements and care gaps. Our approach generalizes an Austrian administrative procedure for the assessment of care needs and uses data from the Survey of Health, Ageing and Retirement in Europe (SHARE) to quantify the demand for and supply of long-term care in hours, distinguishing between care provided in nursing homes, formal home care, informal care by spouses and other informal care. The resulting estimates serve as parameters to introduce long-term care into the dynamic microsimulation model microWELT. The method developed in this paper thus provides the basis for long-term projections and policy scenarios for the long-term care sector, considering major socio-demographic trends such as population ageing, fertility decline and educational expansion.",

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T2 - Parameter Estimation for microWELT

AU - Leoni, Thomas

AU - Reschenhofer, P.

AU - Spielauer, M.

AU - Horvath, T.

AU - Famira-Mühlberger, Ulrike

AU - Warum, Philipp

PY - 2025/1/9

Y1 - 2025/1/9

N2 - This paper describes a novel method for the comparative estimation of long-term care needs, care arrangements and care gaps. Our approach generalizes an Austrian administrative procedure for the assessment of care needs and uses data from the Survey of Health, Ageing and Retirement in Europe (SHARE) to quantify the demand for and supply of long-term care in hours, distinguishing between care provided in nursing homes, formal home care, informal care by spouses and other informal care. The resulting estimates serve as parameters to introduce long-term care into the dynamic microsimulation model microWELT. The method developed in this paper thus provides the basis for long-term projections and policy scenarios for the long-term care sector, considering major socio-demographic trends such as population ageing, fertility decline and educational expansion.

AB - This paper describes a novel method for the comparative estimation of long-term care needs, care arrangements and care gaps. Our approach generalizes an Austrian administrative procedure for the assessment of care needs and uses data from the Survey of Health, Ageing and Retirement in Europe (SHARE) to quantify the demand for and supply of long-term care in hours, distinguishing between care provided in nursing homes, formal home care, informal care by spouses and other informal care. The resulting estimates serve as parameters to introduce long-term care into the dynamic microsimulation model microWELT. The method developed in this paper thus provides the basis for long-term projections and policy scenarios for the long-term care sector, considering major socio-demographic trends such as population ageing, fertility decline and educational expansion.

M3 - Working paper

T3 - WIFO Working Papers

BT - Comparative Modeling of Long-Term Care in Hours

PB - WIFO - Österreichisches Institut für Wirtschaftsforschung

CY - Wien

ER -

Comparative Modeling of Long-Term Care in Hours: Parameter Estimation for microWELT

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