Conference Agenda
Overview and details of the sessions of this conference.
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Some information on the session logistics:
If not stated otherwise, the discussant is the following speaker, with the first speaker being the discussant of the last paper. The last speaker of each session is the session chair. (Exception: invited sessions)
Presenters should speak for no more than 20 minutes, and discussants should limit their remarks to no more than 5 minutes. The remaining time should be reserved for audience questions and the presenter’s responses. We suggest following these guidelines also in the (less common) 3-paper sessions in a 2-hour slot, to allow participants to move between sessions. Discussants are encouraged to avoid summarizing the paper. By focusing on a few questions and comments, the discussants can help start a broader discussion with the audience.
Only registered participants can attend this conference. Further information available on the congress website https://www.iseg.ulisboa.pt/en/event/iipf/ .
Venue address: ISEG - Lisbon School of Economics & Management, R. Francesinhas 21, 1200-675 Lisboa, Portugal
Please note that all times are shown in the time zone of the conference. The current conference time is: 17th Sept 2026, 11:40:17am WEST
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Daily Overview |
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E13: The Economics of Insurance: Health, Long-Term Care, and Catastrophic Risk Location: Room 114 (Francesinhas 1) | |
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Cost Structure, Behavioral Bias, and the Fiscal Sustainability of Long-Term Care Housing: Experimental Evidence from Japan 1: Konan University, Japan; 2: Musashi University, Japan Population ageing places mounting pressure on public long-term care (LTC) finances, yet little is known about how behavioral bias shapes residential choices that affect fiscal sustainability. This paper examines how cost structure influences housing-with-care decisions and their implications for public LTC systems. Using a randomized survey experiment with 1,032 Japanese adults aged 50+, we vary the trade-off between upfront lump-sum payments and recurring monthly fees while holding service quality constant. Individuals with stronger present bias disproportionately select low-upfront options despite higher lifetime costs. Conversely, greater awareness of future care risk increases demand for higher initial payments that reduce long-term fiscal exposure. Making cumulative costs salient significantly shifts choices toward fiscally sustainable plans. These findings demonstrate that behavioral frictions—not only income constraints—distort intertemporal housing decisions in ageing societies, suggesting that improved cost transparency can align private incentives with public budget sustainability.
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