The project will seek to survey residents, family or carers to collect information on payment decisions as they enter residential aged care. This information will be used to model their optimal payment decision from an income and wealth perspective, compare their optimal payment decision to their actual payment decision, and estimate those factors that impact differences between actual and optimal payment decisions.
|Short title||Do older Australians make optimal payment decisions when entering residential aged care? A survey and assessment|
|Effective start/end date||11/02/19 → 31/05/20|
Impact: Policy impacts, Society impacts