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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. Shuchao Wang & Peishu Chen & Weicai Peng, 2023. "Environmental assessment of regional cooperative elderly care: a case study of the Yangtze River Delta," Economic Change and Restructuring, Springer, vol. 56(6), pages 3979-4007, December.
    2. Tongbo Deng & Yafan Fan & Mengdi Wu & Min Li, 2022. "Older People’s Long-Term Care Preferences in China: The Impact of Living with Grandchildren on Older People’s Willingness and Family Decisions," IJERPH, MDPI, vol. 19(19), pages 1-18, September.
    3. Yakita, Akira, 2023. "Elderly long-term care policy and sandwich caregivers’ time allocation between child-rearing and market labor," Japan and the World Economy, Elsevier, vol. 65(C).
    4. Qiang Mu & Peng Guo & Ding Wang, 2022. "Optimal Subsidy Support for the Provision of Elderly Care Services in China Based on the Evolutionary Game Analysis," IJERPH, MDPI, vol. 19(5), pages 1-20, February.
    5. Miyake, Atsushi & Shintani, Masaya & Yasuoka, Masaya, 2021. "Elderly Care and Informal Family Care," MPRA Paper 110126, University Library of Munich, Germany.
    6. Huimin Li & Jianyuan Huang & Jiayun Liu, 2022. "External Support for Elderly Care Social Enterprises in China: A Government-Society-Family Framework of Analysis," IJERPH, MDPI, vol. 19(14), pages 1-22, July.

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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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