The Asset and Income Profile of Residents in Seniors Care Communities

Posted: 5 Mar 2010 Last revised: 13 May 2010

See all articles by Norma Coe

Norma Coe

University of Pennsylvania - Perelman School of Medicine

Melissa Ann Boyle

College of the Holy Cross

Date Written: September 1, 2009

Abstract

Understanding the economic characteristics of residents in seniors care communities is important to understanding the demand for these services as well as how individuals are paying for this type of care. It is particularly critical now given the recent steep decline in both the housing and equity markets, which could significantly erode the assets available to pay for senior housing. Previous research has examined various economic aspects of individuals who live in residential care communities. However, most of the existing literature focuses on detailed income information available for small, selected samples, which lack asset information or raise concerns about national representativeness. In order to fill this gap in the literature, this project examines income and asset information that is readily available in three nationally-representative surveys, previously underutilized for analyzing information about individuals in seniors care communities. By providing such information, this study 1) provides a strong base for further research; 2) helps the public sector craft effective long-term care policies; and 3) aids the private housing and care industry in providing appropriate facilities and services.

Suggested Citation

Coe, Norma and Boyle, Melissa Ann, The Asset and Income Profile of Residents in Seniors Care Communities (September 1, 2009). Available at SSRN: https://ssrn.com/abstract=1553192

Norma Coe (Contact Author)

University of Pennsylvania - Perelman School of Medicine ( email )

423 Guardian Drive
Philadelphia, PA 19104
United States

Melissa Ann Boyle

College of the Holy Cross ( email )

1 College Street
Worcester, MA 01610-2395
United States

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