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Economic development and long-term care provision by families, markets and the state

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  • Yakita, Akira

Abstract

In earlier stages of economic development, women mainly serve as family elderly care providers. With economic development, progress by women in the work force has lowered care levels. If levels should fall below the minimum care level for elderly parents, then children might enter into insurance contracts and even demand provision of long-term elderly care by the state. Such a change in elderly care provision is consistent with predictions that have been presented in the literature. As a further examination of this topic, this paper presents the conjecture that, as wage rates rise further, children will provide sufficient elderly care to parents by purchasing market care services.

Suggested Citation

  • Yakita, Akira, 2020. "Economic development and long-term care provision by families, markets and the state," The Journal of the Economics of Ageing, Elsevier, vol. 15(C).
  • Handle: RePEc:eee:joecag:v:15:y:2020:i:c:s2212828x19300970
    DOI: 10.1016/j.jeoa.2019.100210
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    Cited by:

    1. Miyake, Atsushi & Shintani, Masaya & Yasuoka, Masaya, 2021. "Elderly Care and Informal Family Care," MPRA Paper 110126, University Library of Munich, Germany.

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    More about this item

    Keywords

    Altruistic children; Economic development; Informal elderly care; Long-term care policy; Market elderly care;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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