Abstract:
:Because of its rapidly aging population, Hong Kong faces great challenges in the provision and financing of long-term care (LTC) and needs to explore sustainable funding mechanisms. However, there is a paucity of research on older people's willingness to pay (WTP) for LTC services in Hong Kong. This study utilizes data collected in Hong Kong in 2011 (N = 536) to investigate older people's receptivity to this financing mode by assessing their co-payments for a community care service voucher scheme and then testing how potential factors affect respondents' amount of co-payment. Results show that respondents' WTP was positively associated with family financial support, financial condition, and positive attitudes toward this novel policy and negatively associated with family caregiving support. Direct and moderating effects of family financial support on WTP were found. The policy-related implications of LTC financing to improve older people's acceptance of co-payment mechanisms, financial condition, and shared responsibility of care are discussed.
journal_name
J Aging Soc Policyjournal_title
Journal of aging & social policyauthors
Fu YY,Chui EW,Law CK,Zhao X,Lou VWQdoi
10.1080/08959420.2018.1467157subject
Has Abstractpub_date
2019-07-01 00:00:00pages
358-377issue
4eissn
0895-9420issn
1545-0821journal_volume
31pub_type
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