Housing wealth and aged care: asset-based welfare in practice in three OECD countries
The transition of the baby boomer bulge into old age and their increasing longevity will lift the numbers of elderly in residential aged care. Population ageing and associated fiscal pressures have motivated governments to shift responsibility for the financing of aged care to the individual. We con...
| Main Authors: | , , |
|---|---|
| Format: | Journal Article |
| Language: | English |
| Published: |
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
2020
|
| Subjects: | |
| Online Access: | http://purl.org/au-research/grants/arc/FT200100422 http://hdl.handle.net/20.500.11937/85446 |
| _version_ | 1848764736574849024 |
|---|---|
| author | Wood, Gavin ViforJ, Rachel Haffner, M.E.A. |
| author_facet | Wood, Gavin ViforJ, Rachel Haffner, M.E.A. |
| author_sort | Wood, Gavin |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | The transition of the baby boomer bulge into old age and their increasing longevity will lift the numbers of elderly in residential aged care. Population ageing and associated fiscal pressures have motivated governments to shift responsibility for the financing of aged care to the individual. We consider policies that include owner-occupiers’ housing wealth and imputed rental incomes in means tests that determine co-contribution charges for residential aged care. Differences in how housing wealth is included in the residential aged care resource tests of three OECD countries–Australia, England and the Netherlands–are documented. We find some neglected equity implications as tenants in all three countries typically pay higher co-payments for their residential aged care than homeowners with similar wealth holdings. These outcomes are a consequence of the concessional treatment of owners’ housing equity stakes, and of wider significance given the growing importance of asset-based welfare strategies. England has relatively progressive asset and income tests that offer more limited concessions. |
| first_indexed | 2025-11-14T11:24:06Z |
| format | Journal Article |
| id | curtin-20.500.11937-85446 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T11:24:06Z |
| publishDate | 2020 |
| publisher | ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-854462022-03-31T03:35:53Z Housing wealth and aged care: asset-based welfare in practice in three OECD countries Wood, Gavin ViforJ, Rachel Haffner, M.E.A. Science & Technology Social Sciences Life Sciences & Biomedicine Environmental Studies Regional & Urban Planning Urban Studies Environmental Sciences & Ecology Public Administration Australia England Netherlands owner-occupation residential aged care HOME-OWNERSHIP PENSIONS EQUITY HOMEOWNERSHIP The transition of the baby boomer bulge into old age and their increasing longevity will lift the numbers of elderly in residential aged care. Population ageing and associated fiscal pressures have motivated governments to shift responsibility for the financing of aged care to the individual. We consider policies that include owner-occupiers’ housing wealth and imputed rental incomes in means tests that determine co-contribution charges for residential aged care. Differences in how housing wealth is included in the residential aged care resource tests of three OECD countries–Australia, England and the Netherlands–are documented. We find some neglected equity implications as tenants in all three countries typically pay higher co-payments for their residential aged care than homeowners with similar wealth holdings. These outcomes are a consequence of the concessional treatment of owners’ housing equity stakes, and of wider significance given the growing importance of asset-based welfare strategies. England has relatively progressive asset and income tests that offer more limited concessions. 2020 Journal Article http://hdl.handle.net/20.500.11937/85446 10.1080/02673037.2020.1819966 English http://purl.org/au-research/grants/arc/FT200100422 ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD fulltext |
| spellingShingle | Science & Technology Social Sciences Life Sciences & Biomedicine Environmental Studies Regional & Urban Planning Urban Studies Environmental Sciences & Ecology Public Administration Australia England Netherlands owner-occupation residential aged care HOME-OWNERSHIP PENSIONS EQUITY HOMEOWNERSHIP Wood, Gavin ViforJ, Rachel Haffner, M.E.A. Housing wealth and aged care: asset-based welfare in practice in three OECD countries |
| title | Housing wealth and aged care: asset-based welfare in practice in three OECD countries |
| title_full | Housing wealth and aged care: asset-based welfare in practice in three OECD countries |
| title_fullStr | Housing wealth and aged care: asset-based welfare in practice in three OECD countries |
| title_full_unstemmed | Housing wealth and aged care: asset-based welfare in practice in three OECD countries |
| title_short | Housing wealth and aged care: asset-based welfare in practice in three OECD countries |
| title_sort | housing wealth and aged care: asset-based welfare in practice in three oecd countries |
| topic | Science & Technology Social Sciences Life Sciences & Biomedicine Environmental Studies Regional & Urban Planning Urban Studies Environmental Sciences & Ecology Public Administration Australia England Netherlands owner-occupation residential aged care HOME-OWNERSHIP PENSIONS EQUITY HOMEOWNERSHIP |
| url | http://purl.org/au-research/grants/arc/FT200100422 http://hdl.handle.net/20.500.11937/85446 |