Does Universal Long-Term Care Insurance Boost Female Labor Force Participation? Macro-level Evidence
| Autor: | Yoshihiro Kaneko, Masato Furuichi, Michihito Ando |
|---|---|
| Rok vydání: | 2019 |
| Předmět: |
Organizational Behavior and Human Resource Management
Economics and Econometrics medicine.medical_specialty i13 03 medical and health sciences 0302 clinical medicine 0502 economics and business Macro level Economics medicine h42 030212 general & internal medicine 050207 economics Long-term care insurance h61 female labor force participation Estimation j22 j21 Public health 05 social sciences Oecd countries Labor policy. Labor and the state long-term care insurance HD7795-8027 synthetic control method Industrial relations aggregate effect Cohort h53 Demographic economics Control methods Panel data |
| Zdroj: | IZA Journal of Labor Policy, Vol 11, Iss 1, Pp 493-505 (2021) |
| ISSN: | 1556-5068 |
| Popis: | Although a public long-term care (LTC) program is a potentially important factor for the labor supply of female informal caregivers, there are only a handful of individual-level studies on this topic and the macro-level impacts of LTC programs are still largely unknown. Exploiting the introduction of nationwide long-term care insurance (LTCI) in Japan and utilizing a synthetic control method, we examine how LTCI introduction has altered the trends of public expenditures on in-kind benefits for the elderly, public health expenditure, and female labor force participation. The estimation results using the panel data of OECD countries (1980–2013) suggest that LTCI introduction substantially increased the in-kind benefits for the elderly by around one percentage point of GDP 10 years after LTCI introduction, but we do not find a positive effect on the labor force participation for middle-aged women. The fact that we do not observe any positive LTCI effects on middle-aged female labor force participation on a macro level implies that positive LTCI effects on female labor supply observed in some previous microlevel studies may be cancelled out by some other factors or are small enough to be detected under a general-equilibrium setting. |
| Databáze: | OpenAIRE |
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