The Impact Of Financial Support On Labour Supply And Informal Care Supply For Long-Term Elderly Care.pdf

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Preview of The Impact of Financial Support on Labour Supply and Informal Care Supply for Long-Term Elderly Care
🔗 Source: ftp.iza.org
📊 Size: 947 KB
👤 Author: Bruce Hollingsworth, Asako Ohinata, Matteo Picchio, Ian Walker
⬇️ Downloads: 20

Summary

This discussion paper examines the impact of financial support for long-term elderly care, specifically free formal personal care introduced in Scotland via the 2002 Community Care and Health (Scotland) Act. Using data from 1998 to 2007 and a difference-in-differences approach, researchers find that:

- The policy significantly reduced co-residential informal caregiving by 12.9%.
- Among caregivers who still provided informal care, the average number of hours decreased by approximately 1.2 hours per week.
- There was no change in extraresidential caregiving behavior.
- Labour market participation and working hours increased among the elderly following the policy introduction.

The study contributes to understanding the behavioral responses to financial support for elderly care, highlighting potential shifts from informal to formal care and implications for policy design.

Description

This discussion paper examines the effects of financial support for long-term elderly care on labour supply and informal care provision, highlighting potential policy implications for addressing future care needs. Published by the IZA Institute of Labor Economics, it offers insights into global labor market challenges related to aging populations. The authors explore how financial incentives can shape care arrangements and workforce participation among caregivers.

Technical Information

  • File Format: PDF
  • File Size: 947 KB
  • Pages: 42
  • Language: EN
  • Author: Bruce Hollingsworth, Asako Ohinata, Matteo Picchio, Ian Walker
  • Total Downloads: 20
  • Last Updated: 2 months ago

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