Publication: A review on long term care expenditure models for aging population
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Date
2017
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Publisher
American Scientific Publishers
Abstract
As the world is getting older, the elder population is also increasing year by year, and this includes those who are in disability state. To define a sustainable long term care system for the elders, this is based on long term care demand and supply, funding scheme and distributional effects of the policies. To cater this, Personal Social Services Research Unit (PSSRU) long term care projection model is introduced by the United Kingdom as a reference to project future cost, demand and expenditure. This model has also been a main reference in major long term care research in international level, with specific definition and assumptions to suit their respective national context. This paper suggests that, with the same basis, the PSSRU model is also suitable for Malaysia. This paper also suggests on the basic definitions that are suitable for Malaysia�s context to run a proper long term care expenditure projection for the Malaysian elders. � 2017 American Scientific Publishers All rights reserved.
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Keywords
Aging Society, Long Term Care Expenditure Model, Retirement Expenditure