Long-Term Care (LTC)

A variety of services which help meet both the medical and non-medical needs of people with a chronic illness or disability who cannot care for themselves for long periods of time.

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Life Satisfaction Approach

A method to generate values of benefits that entails estimating (micro-)econometric models in which life satisfaction is the dependent variable and the holding of some non-market good, together with the income and other relevant covariates, is one of explanatory variables.

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