IDEAS home Printed from https://ideas.repec.org/p/ese/cempwp/cempa5-25.html

Welfare effects of social care policies

Author

Listed:
  • Richiardi, Matteo
  • Bronka, Patryk
  • van de Ven, Justin

Abstract

One challenge presented by population aging is how to adjust public support for social care in a way that achieves desired quality of life outcomes without compromising budget sustainability. This study uses best-practice methods of economic analysis to explore projections for care and related public policy between 2020 and 2070 in the United Kingdom (UK). The UK is an interesting case study, as diverse social care provisions are adopted in the four constituent countries. Projections indicate that the number of people in need of care will approximately double over the prospective half century, with informal carers playing a key role in meeting the growing burden. Policy counterfactuals contrast the budgetary implications of closing the social care gap, particularly in England and Northern Ireland, and of easing poverty among informal carers

Suggested Citation

  • Richiardi, Matteo & Bronka, Patryk & van de Ven, Justin, 2025. "Welfare effects of social care policies," Centre for Microsimulation and Policy Analysis Working Paper Series CEMPA5/25, Centre for Microsimulation and Policy Analysis at the Institute for Social and Economic Research.
    • Handle: RePEc:ese:cempwp:cempa5-25
    as

    Download full text from publisher

    File URL: https://www.iser.essex.ac.uk/wp-content/uploads/files/working-papers/cempa/cempa5-25.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. John Ameriks & Joseph Briggs & Andrew Caplin & Matthew D. Shapiro & Christopher Tonetti, 2020. "Long-Term-Care Utility and Late-in-Life Saving," Journal of Political Economy, University of Chicago Press, vol. 128(6), pages 2375-2451.
    2. repec:ijm:journl:v109:y:2017:i:1:p:106-134 is not listed on IDEAS
    3. Matteo Richiardi & Ross E. Richardson, 2017. "JAS-mine: A new platform for microsimulation and agent-based modelling," International Journal of Microsimulation, International Microsimulation Association, vol. 10(1), pages 106-134.
    4. Justina Klimaviciute & Pierre Pestieau, 2020. "Insurance with a deductible: a way out of the long term care insurance puzzle," Journal of Economics, Springer, vol. 130(3), pages 297-307, August.
    5. Nekehia T. Quashie & Melanie Wagner & Ellen Verbakel & Christian Deindl, 2022. "Socioeconomic differences in informal caregiving in Europe," European Journal of Ageing, Springer, vol. 19(3), pages 621-632, September.
    6. Christian Kronborg & Mikkel Vass & Jørgen Lauridsen & Kirsten Avlund, 2006. "Cost effectiveness of preventive home visits to the elderly," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 7(4), pages 238-246, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Pestieau, Pierre, 2026. "The economics of long-term care," LIDAM Discussion Papers CORE 2026001, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    2. Justina Klimaviciute & Pierre Pestieau, 2023. "The economics of long‐term care. An overview," Journal of Economic Surveys, Wiley Blackwell, vol. 37(4), pages 1192-1213, September.
    3. Melanie N Tomintz & Bernhard Kosar & Victor M García-Barrios, 2017. "simSALUD: Design and Implementation of an Open-source Wizard based Spatial Microsimulation Framework," International Journal of Microsimulation, International Microsimulation Association, vol. 10(2), pages 118-143.
    4. Bardóczy, Bence & Savoia, Ettore & Vel´asquez-Giraldo, Mateo, 2026. "HANK Comes of Age: Monetary Policy with Heterogeneous Overlapping Generations," Working Paper Series 461, Sveriges Riksbank (Central Bank of Sweden).
    5. Radim Bohácek & Jesús Bueren & Laura Crespo & Pedro Mira & Josep Pijoan-Mas, 2018. "Inequality in Life Expectancies across Europe," Working Papers wp2018_1810, CEMFI.
    6. Pashchenko, Svetlana & Porapakkarm, Ponpoje, 2020. "Saving Motives over the Life-Cycle," MPRA Paper 100208, University Library of Munich, Germany.
    7. Joseph Briggs & Christopher Tonetti, 2019. "Risky Insurance: Insurance Portfolio Choice with Incomplete Markets," 2019 Meeting Papers 1388, Society for Economic Dynamics.
    8. John Bailey Jones & Aaron Steelman, 2019. "Lifetime Medical Spending of Retirees," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, issue May.
    9. Monika Piazzesi & Martin Schneider, 2009. "Inflation and the price of real assets," Staff Report 423, Federal Reserve Bank of Minneapolis.
    10. Richiardi, Matteo & Bronka, Patryk & van de Ven, Justin, 2024. "The life course effects of care," Centre for Microsimulation and Policy Analysis Working Paper Series CEMPA7/24, Centre for Microsimulation and Policy Analysis at the Institute for Social and Economic Research.
    11. Liu, Hong & Ma, Jinqiu & Zhao, Liqiu, 2023. "Public long-term care insurance and consumption of elderly households: Evidence from China," Journal of Health Economics, Elsevier, vol. 90(C).
    12. M. Martin Boyer & Philippe De Donder & Claude Denys Fluet & Marie-Louise Leroux & Pierre-Carl Michaud, 2018. "A Canadian Parlor Room-Type Approach to the Long-Term Care Insurance Puzzle," CIRANO Working Papers 2018s-13, CIRANO.
    13. Giordana, Gastón A. & Pi Alperin, María Noel, 2023. "Old age takes its toll: Long-run projections of health-related public expenditure in Luxembourg," Economics & Human Biology, Elsevier, vol. 50(C).
    14. Cathal O'Donoghue & Gijs Dekkers, 2018. "Increasing the Impact of Dynamic Microsimulation Modelling," International Journal of Microsimulation, International Microsimulation Association, vol. 11(1), pages 61-96.
    15. Mariacristina De Nardi & Svetlana Pashchenko & Ponpoje Porapakkarm, 2025. "The Lifetime Costs of Bad Health," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 92(3), pages 1987-2026.
    16. Fella, Giulio & Holm, Martin Blomhoff & Pugh, Thomas M., 2024. "Saving after Retirement and Preferences for Residual Wealth," CEPR Discussion Papers 19233, Centre for Economic Policy Research.
    17. Giorgio Di Gessa & Christian Deindl, 2024. "Determinants of trajectories of informal caregiving in later life: evidence from England," European Journal of Ageing, Springer, vol. 21(1), pages 1-13, December.
    18. Hangsuck Lee & Minha Lee & Jimin Hong, 2024. "Optimal insurance for repetitive natural disasters under moral hazard," Journal of Economics, Springer, vol. 143(3), pages 247-277, December.
    19. Carvajal, Daniel & Franco, Catalina & Isaksson, Siri, 2024. "Will Artificial Intelligence Get in the Way of Achieving Gender Equality?," Discussion Paper Series in Economics 3/2024, Norwegian School of Economics, Department of Economics, revised 28 Apr 2025.
    20. Vandin, Andrea & Giachini, Daniele & Lamperti, Francesco & Chiaromonte, Francesca, 2022. "Automated and distributed statistical analysis of economic agent-based models," Journal of Economic Dynamics and Control, Elsevier, vol. 143(C).

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ese:cempwp:cempa5-25. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jonathan Nears (email available below). General contact details of provider: https://edirc.repec.org/data/rcessuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.