Research
Discussion Paper
PIERspectives
aBRIDGEd
PIER Blog
Events
Conferences
Research Workshops
Policy Forums
Seminars
Exchanges
Research Briefs
Community
PIER Research Network
Visiting Fellows
Funding and Grants
About Us
Our Organization
Announcements
PIER Board
Staff
Work with Us
Contact Us
TH
EN
Research
Research
Discussion Paper
PIERspectives
aBRIDGEd
PIER Blog
Exchange Rate Effects on Firm Performance: A NICER Approach
Latest discussion Paper
Exchange Rate Effects on Firm Performance: A NICER Approach
ผลกระทบของการขึ้นค่าเล่าเรียนต่อการตัดสินใจเรียนมหาวิทยาลัย
Latest aBRIDGEd
ผลกระทบของการขึ้นค่าเล่าเรียนต่อการตัดสินใจเรียนมหาวิทยาลัย
Events
Events
Conferences
Research Workshops
Policy Forums
Seminars
Exchanges
Research Briefs
Joint NSD-PIER Applied Microeconomics Research Workshop
Latest workshop
Joint NSD-PIER Applied Microeconomics Research Workshop
Special Economic Zones and Firm Performance: Evidence from Vietnamese Firms
Latest PIER Economics Seminar
Special Economic Zones and Firm Performance: Evidence from Vietnamese Firms
สถาบันวิจัยเศรษฐกิจป๋วย อึ๊งภากรณ์
Puey Ungphakorn
Institute for
Economic Research
Puey Ungphakorn Institute for Economic Research
Community
Community
PIER Research Network
Visiting Fellows
Funding and Grants
PIER Research Network
PIER Research Network
Funding & Grants
Funding & Grants
About Us
About Us
Our Organization
Announcements
PIER Board
Staff
Work with Us
Contact Us
Staff
Staff
Call for Papers: PIER Research Workshop 2025
Latest announcement
Call for Papers: PIER Research Workshop 2025
Discussion Paperdp
QR code
Year
2025
2024
2023
2022
...
7 March 2019
20191551916800000
No. 106

Estimating Demand for Long-term Care Insurance in Thailand: Evidence from a Discrete Choice Experiment

Worawan ChandoevwitNada Wasi

Abstract

At present, the Thai public health insurance schemes cover medical care. However, the financial risk associated with long-term care needs is unprotected. The increasing likelihood of Thai elderly living longer and living alone has raised great concern about their quality of life. In the wake of the declining informal support capacity, a public long-term care insurance (LTCI) system has been considered as a potential alternative. Because the public will have to contribute to the LTCI fund, this paper explores whether the Thai people are willing to pay for such a provision. The LTCI demand is estimated based on the stated preference survey data. Our results show that most respondents are willing to pay to insure against their risk associated with long-term care expenditure, but their preferences are very heterogeneous. Gains and losses for different policy scenarios, measured by consumer surplus, are discussed.

Worawan Chandoevwit
Worawan Chandoevwit
Khon Kaen University
Nada Wasi
Nada Wasi
Puey Ungphakorn Institute for Economic Research
Download full text
JEL: I13I18I31J58C35C90
Tags: long-term care insurancediscrete choice experimentdiscrete choice modelunobserved heterogeneitydemand for ltciwillingness to pay
The views expressed in this workshop do not necessarily reflect the views of the Puey Ungphakorn Institute for Economic Research or the Bank of Thailand.
Worawan Chandoevwit
Worawan Chandoevwit
Khon Kaen University
Nada Wasi
Nada Wasi
Puey Ungphakorn Institute for Economic Research

Puey Ungphakorn Institute for Economic Research

273 Samsen Rd, Phra Nakhon, Bangkok 10200

Phone: 0-2283-6066

Email: pier@bot.or.th

Terms of Service | Personal Data Privacy Policy

Copyright © 2025 by Puey Ungphakorn Institute for Economic Research.

Content on this site is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported license.

Creative Commons Attribution NonCommercial ShareAlike

Get PIER email updates

Facebook
YouTube
Email