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date: 13 May 2021

Abstract and Keywords

This article considers the very different context of long-term care (LTC), where the care team often combines formal and informal workers. It focuses on the economics of LTC and in particular on issues such as the organizing and delivery of care and support to meet the significant future growth in demand for LTC. It discusses rapidly growing demand for LTC and resulting pressures on public finances. It means that governments across the globe are increasingly recognizing the need to get a better understanding of financing and allocating LTC resources, achieving individual and societal outcomes cost-effectively, and pursuing equity in the distribution of benefits and burdens. This article discusses provision, financing and governance, respectively and also mentions the consequences of aging populations on the need for and cost of LTC.

Keywords: long-term care, informal workers, public finances, cost-effectively, aging populations

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