Influencing factors of demand for long-term care insurance of urban residents in China / 中国卫生政策研究

ABSTRACT

The Chinese society is becoming predominantly an aging society, as the number of elderly people increase very quickly. The long-term care insurance for the elderly is becoming more and more important. Therefore, analyzing the factors affecting the demand of long-term care insurance has important theoretical and practical signifi-cance for the Chinese society. This paper uses the grey correlation model and the generalized grey relational model method,using 2005-2015 nationwide data,and divides the main factors influencing the demand of long-term care insurance into economic and non-economic factors. The main influencing factors on demand for long-term care insur-ance were analyzed by the grey relational analysis which shows that the impact of social insurance expenditure on long-term care insurance is the most important economic factor. The per capita education level of non-economic fac-tors and the elderly dependency ratio were rated to be the most important non-economic factors. According to the em-pirical results,combined with China's national conditions and actual situation,it provides a new research method and ideas for the long-term development of the nursing insurance.