Empirical Analysis Of Influencing Factors Of Long-term Care Insurance Products Demand In China

With the improvement of medical level,the average life span of our country is prolonged,and more and more disabled elderly population.As a result,young people in our country face a heavier burden of caring for the elderly.Faced with disabled elderly,traditional home care has been difficult to meet the needs of care for the elderly in China,we must turn to professional nursing institutions.However,at the present stage,the number of professional nursing homes in China is rare,the nursing market is in short supply,and the nursing price in the nursing market remains high.Faced with the high cost of care,many families also bear a heavy economic burden.Therefore,long-term care insurance,as an insurance commodity to compensate for long-term care expenses,has become an effective means to solve the contradiction between the high cost of care and the huge demand for care.Therefore,it is particularly urgent and important to study the factors influencing the demand for long-term care insurance.This paper first elaborated the research background and significance of the paper,and summarized the previous research results on the factors influencing the demand for long-term care insurance.Then from the perspective of academic,long-term care insurance were summarized,and define the concept of long-term care insurance,and summarizes the long-term care insurance of difference in the other insurance and social insurance system,and in the rest of the world international comparison on the long-term care insurance,to summarize the advantages of various patterns,provide reference to establish our long-term care insurance mode.Then,the author analyzed the current situation of China's long-term care insurance market from the perspective of supply and demand,and made an empirical analysis through the vector autoregressive model to find out the main influencing factors.Finally,the paper's qualitative and quantitative analysis for the development of long-term care insurance policy recommendations.