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Should Public Elderly Care Be Provided?

Author

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  • Masaya Yasuoka

    (Kwansei Gakuin University)

Abstract

The study described in this short paper sets an elderly care model in which the public elderly care and informal elderly care provided by the family are substitutive, with examination of the dynamics of capital accumulation and the labor supply. By virtue of capital accumulation, informal elderly care is reduced by public elderly care. With certain conditions, by virtue of public elderly care, informal elderly care vanishes and a full labor supply is achieved. However, this paper presents derivation of the result that the economy with informal elderly care is socially optimal.

Suggested Citation

  • Masaya Yasuoka, 2019. "Should Public Elderly Care Be Provided?," Economics Bulletin, AccessEcon, vol. 39(1), pages 564-570.
    • Handle: RePEc:ebl:ecbull:eb-18-00573
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    References listed on IDEAS

    as
    1. Bonsang, Eric, 2009. "Does informal care from children to their elderly parents substitute for formal care in Europe?," Journal of Health Economics, Elsevier, vol. 28(1), pages 143-154, January.
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    8. Mizushima, Atsue, 2009. "Intergenerational transfers of time and public long-term care with an aging population," Journal of Macroeconomics, Elsevier, vol. 31(4), pages 572-581, December.
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    Cited by:

    1. OGURO Kazumasa & ISHIDA Ryo & YASUOKA Masaya, 2020. "Elderly Care Supply Systems and Services which Decrease Elderly Care Requirements," Discussion papers 20020, Research Institute of Economy, Trade and Industry (RIETI).

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    More about this item

    Keywords

    Informal care; Public elderly care;

    JEL classification:

    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • I1 - Health, Education, and Welfare - - Health

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