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Reducing the Unequal Burden of Unpaid Eldercare Work

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Abstract

Unpaid care work - the vast majority of such work in the United States - is primarily shouldered by economically vulnerable people. The costs associated with unpaid care work compound existing economic insecurity, leading to higher rates of poverty in old age. It is essential to support informal caregivers by recognizing caregiving as work and expanding their access to social safety net programs and providing paid family care leave.

Suggested Citation

  • Jessica Forden & Siavash Radpour, 2023. "Reducing the Unequal Burden of Unpaid Eldercare Work," SCEPA policy note series. 2023-01, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    • Handle: RePEc:epa:cepapn:2023-01
    as

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    File URL: https://www.economicpolicyresearch.org/images/Retirement_Project/Policy_Notes/2023/May_Eldercare/elder_care_policy_note__final.pdf
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    More about this item

    Keywords

    Eldercare; low-income; Workers; Jobs; Unemployment; Risk; Older workers; retirement income; retirement; retirement savings;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • I14 - Health, Education, and Welfare - - Health - - - Health and Inequality
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • J83 - Labor and Demographic Economics - - Labor Standards - - - Workers' Rights
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions

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